Markets fall, S&P 500 ends winning streak

Markets fell on Wednesday.

The S&P 500 fell 1.1 percent, the STOXX Europe 600 fell 0.7 percent and the Nikkei 225 tumbled 1.4 percent.

“Valuations are high for all financial assets, and the trick for the Fed will be to get to a normalized rate environment on a slow enough bypass that we don’t hit any speed bumps along the way,” said James Meyer, chief investment officer at Tower Bridge Advisors.

With the fall on Wednesday, the S&P 500 ended the month down 2.6 percent on a total-return basis, its first such decline since October 2016, and 3.7 percent on a price basis, its first negative month of the past 11.