The Dow Jones Industrial Average ended August with the steepest monthly loss in more than five years, while the benchmark S&P 500 and the Nasdaq Composite recorded the largest monthly declines since May 2012.Trading on Wall Street was volatile Monday, while the implied volatility on the S&P 500, as measured by the CBOE Volatility index rose 9% to above 28.
The S&P 500 SPX, -0.84% 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 COMP, -1.07% 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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