S&P 500’s worst month since March 2020 | House passes funding bill | Fourth-quarter stock picks

The broad-market index snapped a long winning streak in September.

VIEW IN BROWSER | SUBSCRIBE THU, SEP 30, 2021 EVENING BRIEF AS OF THU, SEP 30, 2021 • 05:15 ET DJIA 33843.92 -1.59% -546.80 S&P 500 4307.54 -1.19% -51.92 NASDAQ 14448.58 -0.44% -63.86   Most Active DOW NAME LAST CHG %CHG AAPL 141.50 -1.33 -0.93% MSFT 281.92 -2.08 -0.73% INTC 53.28 -0.21 -0.39% S&P 500 NAME LAST CHG %CHG AAPL 141.50 -1.33 -0.93% F 14.16 -0.14 -0.98% AMD 102.90 +2.55 +2.54% NASDAQ NAME LAST CHG %CHG AAPL 141.50 -1.33 -0.93% AMD 102.90 +2.55 +2.54% MSFT 281.92 -2.08 -0.73%   EDITOR'S NOTE The S&P 500 snapped a long winning streak in September and posted its worst month since March 2020 as concerns about supply chains, inflation and the Chinese property market rattled stocks.    Big picture, however, the market drawdown doesn't seem quite so dramatic. The S&P 500 is still up solidly for the year.    Additionally, this rocky month doesn't mean that stocks are going to be below record levels for long, David Katz of Matrix Asset Advisors said on CNBC's "The Exchange."   "There have been 34 corrections of greater than 5% since 1993, and the critical point is on 31 of them — which were the lighter corrections — you fully got back to your highs within two or three months. So we think that's going to be the case this time, and what that means is you want to be buying on days like today," Katz said.  That near-term optimism can be especially true when the dip comes after a big winning streak, LPL Financial chief market strategist Ryan Detrick said in a note on Thursday.   "September in the red, ending an incredible seven-month win streak. As we noted last month, these long win streaks actually tend to be quite bullish for future returns, with the S&P 500 higher six months later 13 out of 14 times. Yes, stocks were down some in September, but this still bodes well for the near term," the note said. Jesse Pound | CNBC Markets Reporter @jesserpound Watch our live stream for all you need to know to invest smarter. TOP NEWS  Dow drops 500 points on September's final day, S&P 500 suffers worst month since March 2020 House passes government funding bill, sends it to Biden with shutdown deadline hours away High stakes House infrastructure vote still on schedule for Thursday, Pelosi says These are Wall Street's favorite stock picks going into the fourth quarter Number of unvaccinated United staff drops from 593 to 320 after airline said it would fire them Leon Cooperman says conditions not present for a bear market. But he still has lots of worries South Dakota Gov. Kristi Noem won't use Trump ally Corey Lewandowski as advisor after reports of affair, sexual harassment Jeff Bezos' Blue Origin is a 'toxic' workplace, some current and ex-workers claim in essay Marc Lasry resigns as chair of Ozy Media after 3 weeks, following reports of alleged misconduct at firm U.S. auto sales forecast to plummet in third quarter as chip shortage plagues industry   TOP VIDEO Why SPACs could crash sooner rather than later   CNBC PRO Plunging meme stock Bed Bath & Beyond vindicates short-sellers as GameStop and AMC remain elevated   SPECIAL REPORTS These are the key differences between 401(k) and Roth IRA retirement plans Nearly one-third of teen relationships show signs of financial abuse, study finds   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS