The Dow Turned Lower. It’s Still Been a Stellar Month for the Stock Market.
The Dow blew a 100-point gain in Wednesday morning trading, but the major indexes are still on track to lock in a stellar month of July.
With the Dow hovering around breakeven, it’s up 1.2% this month. The S&P 500, up 0.2% today, is up 2.7% on the month. The Nasdaq Composite was up 0.4%, on track for a gain of nearly 4%.
For the Nasdaq and S&P, it would be their best July since 2023; the Dow had a better July last year. The Dow and S&P are on track for their third month of gains, while the Nasdaq would lock in its fourth-consecutive monthly gain. For the latter, it would be its longest such streak since it rose for five months in a row ending in March 2024.