
A stock market correction may be right around the corner
CNN
The S&P 500 and the Dow are still near all-time highs despite Tuesday's big selloff. The Nasdaq isn't far from a record either. All three indexes are up between 14% and 18% this year.
But September, historically the worst month for stocks, is looming. After that comes October, which is notorious for the scary market crashes in 1929, 1987, 2008 and, most recently, 2018. And in case you haven't noticed, there are plenty of things for investors to be worried about. The spike in Covid-19 cases due to the Delta variant, concerns about rising inflation pressures and how the Federal Reserve will respond to it, and the chaos in Afghanistan all threaten to derail the market's bull run.
An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years.

Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.











