The Dow Jones Industrial Average (DJI) moved slightly higher, despite rising concerns about a terrorist attack in the U.K. and strong words from Russian President Vladimir Putin. For the month, the Dow posted a 3.2% gain. Meanwhile, the S&P 500 Index (SPX) muscled back atop the 2,000 level, and finished with its best August performance in 14 years, up 3.8%. However, on a percentage basis, the Nasdaq Composite (COMP) topped both of its peers with a monthly gain of 4.8%, benefiting today from Tesla Motors Inc's (NASDAQ:TSLA) record high.
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The Dow Jones Industrial Average (DJI - 17,098.45) mounted a late-day rally to finish above breakeven, edging 18.9 points, or 0.1%, higher -- but fell just shy of the 17,100 level. Twenty of the blue-chip index's 30 components posted gains, led by Microsoft Corporation's (NASDAQ:MSFT) 1.2% advance. Among the index's 10 losers, United Technologies Corporation (NYSE:UTX) and Visa Inc (NYSE:V) fared the worst, giving back 1% each. For the week and month, the DJI added 0.6% and 3.2%, respectively.
The S&P 500 Index (SPX - 2,003.37) tacked on 6.6 points, or 0.3%, to muscle back atop 2,000. For the week, the index added 0.8%, and for the month, it rose 3.8%. The Nasdaq Composite (COMP - 4,580.27) bested both the DJI and SPX on Friday, tacking on 22.6 points, or 0.5%. For the week and month, the COMP added 0.9% and 4.8%, respectively.
The CBOE Volatility Index (VIX - 11.98) finished lower, giving up its foothold atop the 12 mark with a 0.07 point, or 0.6%, loss. On the week, the market's "fear gauge" added 4.4%, but for all of August, it lost 29.3%.
5 Items on Our Radar Today:
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