Dow Posts Biggest Monthly Loss Since 2010

By MarketWatch Pulse

The Dow Jones Industrial Average ended August with the steepest monthly decline since 2010, after closing lower on Monday. The benchmark S&P 500 and Nasdaq ended August with the largest losses since 2012, after closing lower in a volatile session. Surging oil prices lifted energy stocks, but overall markets were weighed down by continued worries about China's slowing economy and the uncertainty over the timing of a rate increase by the Federal Reserve. Fed policy makers have left the option of a September rate hike wide open. The Dow Jones Industrial Average lost 114.98 points, or 0.7%, to 16,528.03, and end August with a 6.6% loss, the largest percentage decline since May 2010. The S&P 500 closed 16.69 points, or 0.8% lower at 1,972.18, recording a 6.3% drop over the month, the steepest since May 2012. The Nasdaq Composite ended the day down 51.82 points, or 1.1% at 4,776.51 and fell 6.9% over the month.

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