On the other hand, the NASDAQ gained 35 points, also likely unrelated to anything.
With the FOMC set to meet again September 25-26, there's nearly two months for the market to grasp what's happening in the global scheme of things. There's nearly unanimous opinion that the Fed will increase rates another 25 basis points at that time.
Dow Jones Industrial Average August Scorecard:
Date | Close | Gain/Loss | Cum. G/L |
8/1/18 | 25,333.82 | -81.37 | -81.37 |
At the Close, Wednesday, August 1, 2018:
Dow Jones Industrial Average: 25,333.82, -81.37 (-0.32%)
NASDAQ: 7,707.29, +35.50 (+0.46%)
S&P 500: 2,813.36, -2.93 (-0.10%)
NYSE Composite: 12,902.39, -60.89 (-0.47%)
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