Stocks drift lower, finishing worst month since May 2012

|By:, SA News Editor

Stocks edged lower, extending the biggest monthly slide for the Dow and S&P 500 since May 2012, amid muted readings on consumer spending and income and the potential for U.S. military action against Syria.

But in some of the lowest volume this year, it doesn't make sense to trust the week's moves too much: "It’s like a household when the parents are away, and teenagers are running the show."

Treasuries were confined to a tight range, with the benchmark 10-year yield rising one basis point to 2.77%; Nymex crude lost 1.1% to $107.65.

Now, on to September, historically the worst month of the year for stocks: The Dow has dropped in 67 of 116 Septembers in its history, suffering an average loss of 1.1% during the month.