
Unlike earlier rebound attempts, stocks haven't been backed down from their recent recovery highs. That has enabled stocks to sit at session highs. Overall losses remain steep, though.
Pressure this session has stocks on pace for their third straight loss. As things currently stand, each loss exceeds 1%, based on the S&P 500. In turn, the stock market is already down more than 5% in September. That comes on top of the 5.7% monthly loss suffered in August, which marked the poorest monthly performance in more than one year.