Lucas Jackson/Reuters
- US stocks attempted to rebound on Wednesday after suffering a sharp sell-off over the past month.
- The S&P 500 is down 6% this month as interest rates have surged to their highest level since 2007.
- A rise in the US dollar and oil prices has also served as a headwind for stock prices this month.
US stocks attempted to rebound on Wednesday after suffering a sharp sell-off this week and throughout the month of September.
Much of the S&P 500's 6% decline this month has been driven by a sharp increase in interest rates, as the Federal Reserve continues to signal that it could tighten monetary policy further and keep rates higher for longer to get inflation back to its long-term target of 2%.