Stocks closed mostly lower on Wall Street Monday as the market gave back some of its recent gains following a five-week winning streak.
Declines in banks and industrial stocks offset more gains for technology companies. Even so, the S&P 500 ended August with a 7% gain, the benchmark index’s fifth monthly gain in a row and its biggest since April.
The Nasdaq composite added to its recent string of milestones, closing at an all-time high.
The S&P 500 fell 7.70 points, or 0.2%, to 3,500.31.
The Dow Jones Industrial Average lost 223.82 points, or 0.8%, to 28,430.05.
The Nasdaq rose 79.82 points, or 0.7%, to 11,775.46.
The Russell 2000 index of small company stocks fell 16.47 points, or 1%, to 1,561.88.
For the year:
The S&P 500 is up 269.53 points, or 8.3%.
The Dow is down 108.39 points, or 0.4%.
The Nasdaq is up 2,802.85 points, or 31.2%.
The Russell 2000 is down 106.59 points, or 6.4%.
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