business news

US Stocks Suffer Worst Month in Three Years

Published by: Frank Galvano on 31st Aug 2015 | View all blogs by Frank Galvano

US Stocks Suffer Worst Month in Three Years

US stock markets fell slightly on Monday, wrapping up the worst month for US stock markets since 2012.  The Dow Jones industrial average lost 6.6 percent in August, while the S&P fell 6.3 percent and the tech-heavy Nasdaq composite slipped 6.9 percent during the month.  The declines were driven by massive selloffs in recent days sparked by uncertainty about the Chinese economy.  Investors have also been concerned that the Fed is getting ready to increase interest rates, which have been kept low since the onset of the recession.



Please login or sign up to post on this network.
Click here to sign up now.