The Dow Jones Industrial Average dropped Thursday, ending a tough August. But while all three indexes posted losses for the month, the results haven’t derailed an otherwise good year.
On Thursday, the Dow fell 168 points, or 0.5%, while the S&P 500 slid 0.2%, and the Nasdaq Composite jumped 0.1%.
The Nasdaq had its best start to the year since 2003, while the Dow and S&P 500 each notched their best start since 2021, according to Dow Jones Market Data.
“These data confirm what markets already knew: the consumer remains strong due to a resilient labor market and disinflation continues despite a small energy related uptick over the summer,” wrote Jamie Cox, managing partner for Harris Financial Group, referring to PCE.
On Friday, the much-anticipated jobs report will be the main focus.