Dow drops 500 points on September’s final day, S&P 500 suffers worst month since March 2020; European stocks close slightly higher but snap seven-month winning streak 
U.S. stocks pulled back on Thursday as Wall Street wrapped up its worst month of the year on a sour note. 
The Dow Jones Industrial Average dropped 546.80 points, or 1.59%, to close at 33,843.92. The broader S&P 500 was down 1.19% to 4,307.54, while the tech-heavy Nasdaq Composite fell 0.4% to 14,448.58. 
The weakness for the market came on the final day of what has been a rough month for equities, as rising rates, inflation fears and concerns about the Chinese property market have roiled stocks. The S&P 500 finished September down 4.8% for its worst month since March 2020, when the pandemic caused a major market sell-off. The index also closed 5% below its record high for the first time this year. 
The Nasdaq fell 5.3% for its worst month since March 2020, while the Dow dropped 4.3% for its worst month in 2021. 
Concerns about inflation and supply chain issues continued to hamper the markets on Thursday. Shares of Bed Bath & Beyond fell 22.1% after the company said those issues hurt the company’s second-quarter results, and the news appeared to hit fellow retail stocks. Walgreens Boots Alliance and Home Depot fell 3.4% and nearly 2.6%, respectively, making them two of the worst performers in the Dow. 

The pan-European Stoxx 600 provisionally closed up 0.2%, paring some of its earlier gains. The index is down 3.2% since the start of the month, ending a seven-month winning streak. 
Euro zone unemployment fell in August, in line with expectations as a downward trend which began early in 2021 continued. EU statistics office Eurostat revealed Thursday that unemployment across the 19-member currency bloc dropped to 7.5% of the workforce in August, down from 7.6% in July. 
In terms of individual share price movement, Belgian insurer Ageas gained 5.8% amid a share buyback program and Sweden’s Sinch climbed 3.1% after agreeing to buy email delivery platform Pathwire for $1.9 billion. 
Source: CNBC, Investing.com