U.S. stocks finished in the red for a fourth straight day on Wednesday. The Dow Jones Industrial Average retreated 280.44 points, or 0.9%, to 31,510.43, finishing August down 3.9%.
U.S. stocks finished in the red for a fourth straight day on Wednesday as all three benchmarks recorded a loss for the month of August after finishing higher in July. For the Nasdaq, the 6.1% loss over the last four sessions was its biggest four-day drop since late June. The Dow Jones Industrial Average DJIA, -0.88% retreated 280.44 points, or 0.9%, to 31,510.43, finishing August down 3.9%.
The S&P 500 SPX, -0.78% shed 31.16 points, or 0.8%, to 3,955.00, bringing its loss for the month to 4.2%. The Nasdaq Composite COMP, -0.56% fell 66.93 points, or 0.6%, to 11,816.20, a monthly drop of 4.6%. Stocks have been falling since Federal Reserve Chairman Jerome Powell declared on Friday that the Fed would continue with its policy tightening even if it caused economic pain for businesses and households.
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