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The Closing Bell: Dow Lose Ground As Trade Talks Hit Snag, S&P 500 Finishes Up At The Close
FYI: U.S. stocks slipped Friday, but remained on track to end August higher, as renewed fears around trade policy drove investors out of major indexes around the world.
Although Friday’s developments added to investors’ uneasiness around trade, major indexes held onto their gains for both the week and the month. The S&P 500, Nasdaq Composite, Russell 2000 and Dow Jones Transportation Average all rose to fresh highs in August. For the month, the Dow industrials were up 2.2%, the S&P 500 headed for a 3% gain and the Nasdaq was on course for a 5.8% rise—its best showing for August in 18 years.
Nine of the eleven S&P 500 sectors finished in negative territory. Only Real Eetate, and Consumer Discretionary had a positive day. Regards, Ted
