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Mon Aug 31, 2020, 01:47 PM

Stocks edge lower but are still headed for a monthly gain

Source: AP

By ALEX VEIGA and DAMIAN J. TROISE

Stocks are mostly lower in afternoon trading on Wall Street Monday after the market gave back some of its recent gains from a five-week winning streak.

The S&P 500 was down 0.2% after spending much of the morning wavering between gains and losses of less than 0.1%. Losses in financial, industrial and household goods companies outweighed gains in technology and health care stocks. Nearly three-fourths of the companies in the S&P 500 were headed lower.

The benchmark index is slightly below its all-time high set Friday after seven straight days of gains. Itís now on track to end August with its fifth monthly gain in a row and its biggest since April.

The Dow Jones Industrial Average was down 216 points, or 0.8%, to 28,436 as of 12:45 p.m. Eastern time. The Nasdaq composite rose 0.6%, adding to its market-leading gains this year. The index is up more than 30% this year thanks to outsize gains by big technology stocks. The Russell 2000 index of small company stocks was down 0.8%.



A banner for Utz Brands, which is listed at the New York Stock Exchange, hangs on the exterior of the building, Monday, Aug. 31, 2020, in New York. The Hanover, Pa. based company is known for its potato chips and snack foods. (AP Photo/Mark Lennihan)


Read more: https://apnews.com/6d0256763399439c31a8755e426b95e6

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Reply Stocks edge lower but are still headed for a monthly gain (Original post)
Omaha Steve Aug 31 OP
ck4829 Friday #1

Response to Omaha Steve (Original post)

Fri Oct 16, 2020, 07:24 AM

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