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Stocks were ending a rough month of September with more declines, as heavy selling action set in to close out the third quarter. Earnings estimates have also been declining, as supply chain constraints persist.
By midafternoon, the Dow Jones Industrial Average was down 450 points, or 1.3%, while the S&P 500 was falling 0.9%. The Nasdaq Composite was down 0.3%, reversing earlier gains.