Article snippet: Wall Street ended a wild August with the Dow up slightly on Friday, capping a tumultuous month for the global economy that spurred a wave of volatility in financial markets and posed a challenge for MORE. The Dow Jones Industrial Average, S&P 500 index and Nasdaq closed the final day of August trading little changed from their Friday opens, with the Dow and S&P up only 0.2 and 0.1 percent, respectively. But the three indices were well below their levels at the start of the month after a notoriously rough stretch for Wall Street. The Dow fell 1.76 percent in August, down 474 points. The index this month suffered two of its seven largest point losses, falling by 800 points on Aug. 14 and 767 points on Aug. 5. The S&P suffered a similar 1.84 percent decline, while the tech-heavy Nasdaq sunk 2.6 percent for August ahead of new tariffs on Chinese-made consumer electronics and parts. Overall, major U.S. indexes are still close to the record highs they notched earlier in the summer, and stocks in general have skyrocketed since President Trump took office in 2017. But the whiplash August for Wall Street appears likely to stretch into autumn, a troubling prospect for Trump. The president is depending on a strong economy to woo voters in the swing states critical to his 2020 reelection campaign. An unemployment rate near historic lows, solid economic growth, rising wages and booming consumer spending gives Trump ample data to bolster his case. The recent turmoi... Link to the full article to read more
Wall Street ends volatile month in major test for Trump | TheHill
>