Dow Posts Worst August Decline In 17 Years

Dow Posts Worst August Decline In 17 Years

This August has earned its place in the record books.  In fact, it has been the worst in nearly two decades based on data from Dow Jones. 


Market Watch Reports:

The month of August can be pretty rough for stock investors. But this August has earned its place in the record books, as stocks were unsettled by uncertainty over the state of affairs in the world’s second largest economy, China.

As far as Augusts go, this has been the worst in nearly two decades for the Dow Jones Industrial Average DJIA, -0.69%

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Read: China shares wipe out 2015 gains as stocks tumble 8.5%

The Dow posted a roughly 6.4% decline in August, which marked the worst month in more than five years for the market gauge, which tracks the performance of 30 stocks. Comparing the month with other Augusts, the blue-chip index registered its worst August since 1998, based on data from Dow Jones.

Overall it was the sixth worst monthly performance for the Dow and the worst since May 2010, when the Dow dropped 7.9%, according to FactSet data.

Meanwhile, the broader U.S. stock benchmark, the S&P 500 SPX, -0.84% posted a 6.3% fall in August, its worst monthly tumble in more than three years. Stacked up against other August returns, the S&P 500 marked its worst fall since 2001, when it tumbled 6.41%, according to Dow Jones research.

The Nasdaq’s August performance—off 6.9% on the month—was similarly steep, with the tech-heavy index marking its worst performance on the month in 14 years, as well as ringing up its worst monthly return overall in three years, according to Dow Jones and FactSet data.

Photo:  Bing



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