Dow Jones, S&P 500, Nasdaq: US stock markets are mixed - but the August balance is positive
The Dow Jones is heading for its fifth consecutive monthly gain. The S&P 500 and Nasdaq are on track for their first positive balance since May. The continuing increase in bond yields is having a dampening effect.
US stocks start the week on a subdued note, with major Wall Street indexes struggling to gain momentum. The Dow Jones falls 0.6% to 53,244 points, while the S&P 500 dips 0.3% to 7,690 points, and the Nasdaq remains largely unchanged at 26,391 points. Despite this, the indexes are likely to end the month of August slightly positively.
The Dow Jones is on track for its fifth consecutive monthly gain, while the S&P 500 and Nasdaq would achieve their first monthly gain since May. Federal Reserve officials' recent comments, including those by Kevin Warsh at the Jackson Hole symposium, have been seen as signalling further interest rate hikes.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
