Large company stocks in the U.S. were barely positive for the third quarter, with the S&P 500 increasing 0.6%. Smaller stocks trailed their larger counterparts as the Russell 2000 declined 4.4% over that time. Non-U.S. stocks declined 2.6%. Emerging markets lagged substantially, declining 8.1% during the quarter. As with other indices, much of the drop in emerging markets was concentrated in September, which, among other things, saw concerns over a default by Chinese real estate developer Evergrande. Evergrande is among the largest Chinese real estate developers.
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