No one is saying that mutual-fund investors will celebrate 2022 when it’s done. But October’s out-of-the-blue rally was a respite from the pain.
The average U.S.-stock fund rose 8.7% in October, according to Refinitiv Lipper data, as the stock market soared. The Dow Jones Industrial Average rose 14% during the month, its best month since 1976 (the S&P 500 and tech-focused Nasdaq registered single-digit gains).
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