Dow posts worst August decline in 17 years
(Worthy News) – The month of August can be pretty rough for stock investors. But this August has earned its place in the record books, as stocks were unsettled by uncertainty over the state of affairs in the world’s second largest economy, China.
The Dow posted a roughly 6.4% decline in August, which marked the worst month in more than five years for the market gauge, which tracks the performance of 30 stocks. Comparing the month with other Augusts, the blue-chip index registered its worst August since 1998, based on data from Dow Jones.
Overall it was the sixth worst monthly performance for the Dow and the worst since May 2010, when the Dow dropped 7.9%, according to FactSet data. [ Source ]
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