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US stocks register weakest August performance in seven years

August 31, 2022

Via: Sky News

By Wednesday’s close, according to preliminary data, the Dow Jones industrial average had fallen just over 4%, the tech-rich Nasdaq was down 4.64%, and the S&P 500 had fallen 4.24% over the month.

For the day, the Dow was down 0.88%, the Nasdaq was down 0.56%, and the S&P 500 fell 0.78%.

Losses in technology and retail stocks cancelled out gains in communications and other sectors, with Bed Bath & Beyond among the big losers – having almost quarter of its value wiped after announcing major restructuring.

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