Dow Jones, S&P 500, Nasdaq: US stock markets close slightly in the minus – but the August balance is positive
The Dow Jones recorded its fifth consecutive monthly gain. For the S&P 500 and Nasdaq, it is the first positive balance since May. The continuing increase in bond yields is having a dampening effect.
US stocks started the week on a subdued note, with major Wall Street indexes struggling to gain momentum. The Dow Jones fell 0.7% to 53,186 points, while the S&P 500 and Nasdaq declined 0.3% to 7,686 and 0.1% to 26,371 points, respectively. Despite recent weakness, all major US stock indexes posted gains for the month, with the Dow Jones achieving its fifth consecutive monthly gain.
Federal Reserve Chairman Kevin Warsh's recent speech at the Jackson Hole symposium, where he reiterated his commitment to price stability and hinted at further interest rate hikes, continues to impact market sentiment.
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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