Equity markets continued to drop in October, with all three major U.S. indices down for the third consecutive month. The S&P 500 lost 2.10 percent during the month, while the Dow Jones Industrial Average was down 1.26 percent in October. The Nasdaq Composite saw the largest declines, with the technology-heavy index dropping 2.76 percent for the month. Rising long-term rates weighed on valuations, leading to negative returns for stocks.
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