Stocks were mixed in the third quarter, with the S&P 500 gaining 2.03 percent and the Nasdaq Composite rising 2.47 percent, while the Dow Jones Industrial Average fell 2.70 percent. Beneath the surface, only four of the 11 S&P 500 sectors advanced, led by Energy (+16.48 percent) on rising oil prices, while Industrials (-9.61 percent) and Utilities (-12.38 percent) bore the brunt of the selling. In September, attention shifted to the bond market as yields climbed to multi-decade highs. The Federal Reserve added to the pressure with a quarter-point rate increase to a target range of 3.75 to 4 percent, its first hike in three years. | 
