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Us stocks closed: s & P and Dow recorded their best August performance in more than 30 years. Tesla rose more than 10%.
Sep 1,2020 07:14CST
translation
Source:Financial Union
The content below was translated by Tencent automatically for reference.

SMM: us Eastern time on Monday (31), the three major US stock indexes rose and fell, the S & P 500 index and the Dow closed down slightly, but still achieved the best August performance since the 1980s, the Nasdaq hit a new high, Tesla rose more than 10%.

Market trends

By the close, the Dow was down 223.82 points, or 0.78%, at 28430.05; the Nasdaq was up 79.82 points, or 0.68%, at 11775.46; and the S & P 500 was down 7.70, or 0.22%, at 3500.31.

The Dow rose 7.6% this month, its biggest August gain since 1984. The s & p 500 is up 7% this month, its best august performance since 1986, and the s & p 500 has risen for the fifth month in a row. The Nasdaq rose 9.59% in August, the biggest August increase since 2000.

Federal Reserve Vice Chairman Clarida (Richard Clarida) said Monday that the Fed will not raise interest rates just because the unemployment rate has fallen. The comments have dragged down Treasury yields and bank stocks have generally fallen.

"Fed officials have pledged to keep interest rates near zero for a long time, which continues to drive up stock prices," Ed Yardeni, president and chief investment strategist at Yardeni Research, said in a report. This also aggravates the possibility that the stock market will collapse at some point in the future. "

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