Stocks move lower as S&P 500 heads for a big September loss

By DAMIAN J. TROISE
AP Business Writer

Stocks moved broadly lower on Wall Street Thursday as the major indexes headed for steep monthly losses. The S&P 500 fell 0.8% and is on track for a 4.4% loss in September. It would mark the first monthly loss since January and the worst for the benchmark index since March 2020. The Dow Jones Industrial Average fell 1.3% and the Nasdaq fell 0.2%. Banks and a mix of companies that provide consumer goods and services posted some of the biggest losses. Bond yields edged lower. The yield on the 10-year Treasury fell to 1.51%.