Stocks close out a brutal quarter | An ugly September | Netflix outperforms

Wall Street closed out a terrible week, month and quarter that brought the S&P 500 to a new 2022 low.

VIEW IN BROWSER | SUBSCRIBE FRI, SEP 30, 2022 EVENING BRIEF AS OF FRI, SEP 30, 2022 • 05:15 ET DJIA 28725.51 -1.71% -500.10 S&P 500 3585.62 -1.51% -54.85 NASDAQ 10575.62 -1.51% -161.89 Most Active DOW NAME LAST CHG %CHG AAPL 138.20 -4.28 -3.00% NKE 83.12 -12.21 -12.81% INTC 25.77 -0.61 -2.31% S&P 500 NAME LAST CHG %CHG CCL 7.03 -2.13 -23.25% AAPL 138.20 -4.28 -3.00% AMD 63.36 -0.78 -1.22% NASDAQ NAME LAST CHG %CHG AAPL 138.20 -4.28 -3.00% AMD 63.36 -0.78 -1.22% TSLA 265.25 -2.96 -1.10% EDITOR'S NOTE Investors closed out an ugly week, month and quarter on Friday that saw the S&P 500 fall to a new bear market low for this year.    Growing fears of tightening monetary policy from a Federal Reserve that shows no signs of slowing down rate hikes roiled financial markets. This week, the yield on the 10-year Treasury briefly soared to a near 14-year high, topping 4%, before reporting its steepest intraday decline since 2020 on Wednesday.    "It's been a tough, tough environment for equities and fixed income both, something that we had expected given our views around the Fed keeping interest rates higher for longer and markets are starting to come around to that view," said Zachary Hill, head of portfolio management at Horizon Investments.   "In the near term, we are likely to have continued market volatility with a downward bias as we head into earnings season," Hill said. At one point this quarter, the S&P 500 was up as much as 14.3%, before closing the period down 5.3% on Friday. According to Bespoke Investment Group, it could be the first time in roughly 80 years that the broader market index posted a down quarter after rising more than 10% over the same period.    Meanwhile, September did not fail to live up to its reputation as historically terrible for stocks. On Friday, Dow tumbled 8.8% for the month, while the Nasdaq lost 10.5%. The S&P 500 fell 9.3% in its worst month since March 2020 during the onset of the Covid-19 pandemic.   Still, some stocks managed to outperform. Netflix had its best quarter since 2018. The streaming company was up 34.6% in the third quarter. Sarah Min | Investing Reporter at CNBC Pro @_sarahmin Watch our live stream for all you need to know to invest smarter. TOP NEWS  Dow tumbles 500 points on Friday to end September down nearly 9% Hurricane Ian makes landfall in South Carolina after devastating Florida Biden warns Putin that U.S. will defend 'every single inch' of NATO territory as Russia formally annexes Ukraine regions Nike shares fall as overstocked inventory weighs on earnings Fed's preferred gauge shows inflation accelerated even more than expected in August These beaten-up stocks show signs of bottoming as rest of market falls to new lows Facebook scrambles to escape stock's death spiral as users flee, sales drop Disney reaches deal with activist investor Third Point, will add former Meta executive to its board House passes stopgap funding measure to avoid federal government shutdown Silicon Valley billionaires square off over support for Trump and the MAGA movement TOP VIDEO Inventory issues will be a headwind for earnings, says Odyssey's Jason Snipe CNBC PRO Medical costs are rising. Stocks are slumping. How to get the most bang out of this tax-favored account SPECIAL REPORTS People are looking to Waffle House as Hurricane Ian makes landfall again—here's why American homebuyers are finding UK bargains, discounted by a weaker pound Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 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