Dow Jones, S&P 500, Nasdaq: US stock markets are trading lower – 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 are off to a subdued start to the week, with major Wall Street indexes in the red. The Dow Jones is down 0.6% to 53,222 points, while the S&P 500 and Nasdaq have lost 0.4% each, to 7,680 and 26,310 points respectively. Despite this, the indexes are on track to end the month of August slightly positively, with the Dow Jones heading for its fifth consecutive monthly gain.
The recent comments from US Federal Reserve officials, including Kevin Warsh's speech at the Jackson Hole forum, 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.
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