Wall Street fared better than expected in September, given the month's historical reputation as the worst month for stocks. It largely comes down to, you guessed it, the artificial intelligence trade. The S&P 500 (^GSPC) declined by 0.4% for the month as Treasury yields surged. It's down 1.9% from its record high set in August. September has historically been the weakest month forthe S&P 500, with an average decline of 0.6% since 1950. The Nasdaq Composite (^IXIC) gained 1.8% after hitting a new peak on Sept. 22. Tech giants Meta (META) and AMD (AMD), along with a handful of other semiconductor stocks, drove that performance. Meanwhile, the Dow Jones Industrial Average (^DJI) fell by about 4.
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