August again lives up to its reputation as a downbeat month for stocks
Os traders trabalham no pregão da Bolsa de Valores de Nova York (NYSE), 15 de agosto de 2023. Wall Street is really suffering through the dog days of August. The S&P 500 is down more than 3% this month, on pace to snap a five-month-long winning streak. The broader market index is also on track to post its worst monthly performance since December — when it lost 5.9%. The Nasdaq Composite is also headed for its biggest one-month loss since December, falling 5.2%. The Dow Jones Industrial Average has declined 3% in August. These pullbacks are a contrast to the market rally seen earlier this year. The Nasdaq Composite had its best first-half performance in 40 years in 2023. The S&P 500‘s gains over the first six months of the year marked the index’s best start to a year since 2021. There are several things pressuring Wall Street now, ranging from seasonal factors to concerns about the global economy and the Federal Reserve. Heres a breakdown. Ícone de gráfico de açõesÍcone de gráfico de ações Tough month for the S&P 500 August. Historically a tough month This behavior, at this time of the year, isnt out of character. Over the past 10 years, the S&P 500 has averaged a gain