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Stocks are falling, increasing September’s losses.

  • US stocks fell in midday trading Thursday, with the S&P 500 widening its September deficit even further on the last trading day of the month.

  • The S&P 500 fell as much as 0.9 percent, while the Nasdaq composite was down a whopping 0.4 percent. The S&P 500 is on track to fall about 4.5 percent in September after seven consecutive months of gains.

  • Energy stocks were among the best-performing in the S&P 500 this month, rising about 10 percent, while oil prices rose more than 7 percent in September. Materials and utilities companies declined as merchants adjusted to supply chain bottlenecks.

  • The state’s first claims for unemployment benefits rose for the third straight week to 362,000 last week, up 11,000 from the previous week, the Labor Department reported Thursday.

  • The European stock indices fell slightly, the Stoxx Europe 600 about 0.1 percent lower.

  • Bed Bath & Beyond fell about 23 percent after the company lowered its revenue and profit forecasts. The company said the recent surge in Covid-19 cases had caused a sharp slowdown in traffic to its stores, and said costs and supply chain issues hit the bottom line.

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