Reported 1 day ago
US stocks experienced a downturn on Friday, with the Dow Jones Industrial Average falling 0.2%, the S&P 500 dipping 0.6%, and the Nasdaq Composite decreasing over 1.1% due to inflation fears stemming from the latest consumer price data. Despite the decline, major indexes like the S&P 500 and Dow concluded the month on a positive note with gains of 1.4% and 2% respectively, marking their fourth consecutive month of increase. The Nasdaq also reported a 1.6% rise for August, its fifth straight month of gains, as investors await further economic indicators and potential interest rate cuts in September.
Source: YAHOO