Wall Street Ends August Quietly After a Volatile Summer

Tech weakness tempers gains, but stocks notch multi-month winning streaks as Fed rate cut hopes and strong earnings buoy markets Wall Street closed out a turbulent August on a subdued note, with major indices dipping Friday as technology stocks weighed on broader gains. The Dow Jones Industrial Average slipped 92 points, or 0.2%, while the S&P 500 declined 0.64%. The tech-heavy Nasdaq Composite fell 1.15%, led lower by disappointing earnings from Dell and Marvell Technology, as well as a pullback in Nvidia, the centerpiece of the artificial intelligence trade. Despite the end-of-month retreat, U.S. stocks posted healthy August gains: the … Continue reading Wall Street Ends August Quietly After a Volatile Summer