US stocks were mostly lower, with the Dow Industrials and the S&P 500 in the red, while the Nasdaq rose solidly. The S&P gained more than 7 per cent for the month to notch its best August since 1986 in what is traditionally a softer month for stock performance. — Reuters pic
The Nasdaq fared even better than the S&P for the month, up nearly 10 per cent as it rallied for a fifth straight month. Yesterday marked the day first trading day for the revamped Dow, with Salesforce.com, Amgen Inc and Honeywell International Inc joining the 30-component index, replacing Exxon Mobil Corp, Pfizer Inc and Raytheon Technologies Corp Honeywell ended the session lower while a move higher late in the day pushed Salesforce and Amgen to the plus side.
In Europe, stocks closed lower on the day as financial shares were weighed down by soft inflation data in Germany and Italy, but managed to close higher for the month. Trading in London was closed for a public holiday.
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