Major US equity indexes finished August 29 in the red, with the Dow Jones Industrial Average falling 374 points, or 0.7%, to close at 53,185.90. The Nasdaq ended the session down roughly 0.33%. Despite the late-month softness, the Dow logged its fifth consecutive positive month and the Nasdaq posted its first positive monthly return since May.
A single down day at month-end carries little weight on its own, but the broader monthly trend matters for equity investors. Five straight positive months for the Dow signals sustained buying pressure, while the Nasdaq's return to monthly gains suggests tech-sector sentiment has stabilized after a rough stretch. Portfolios tilted toward US large-cap equities have benefited from this run, but a 374-point daily drop is a reminder that the daily picture can diverge sharply from the monthly one.
September 6: US August jobs report (nonfarm payrolls). September 11: August CPI inflation data. September 17-18: Next Federal Reserve rate decision.
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