Each of the 52 equity markets in Standard & Poors global broad market indexes fell in September, according to a statement from S&P today.
For the nine months through Sept. 30, indexes in all 26 developed markets, including the United States, and 25 of 26 emerging markets in the S&P BMI declined. Only Jordan had a positive return, at 0.96%.
The 52 markets returned a combined -12.84% in September and -26.91% in the first three quarters of 2008, Howard Silverblatt, senior index analyst, said in an interview.
Last month, the 26 developed markets returned a combined -12.91% and the 26 emerging markets, -18.76%. For the nine months, the developed markets returned -30.9% and the emerging markets, -36.8%.
The U.S. market returned -9.29% in September and -19.47% for the nine months, the best performance for both periods among the developed markets.
The U.S. market made up 44% of the total market capitalization of the 52 markets at the end of September, up from 42% at the beginning of the month, Mr. Silverblatt said.
All the returns are capitalization weighted by the markets and exclude dividends, Mr. Silverblatt said.