S&P 500: S&P 500 ends volatile August on high with fourth-straight monthly gain
Investing.com-- The S&P 500 closed higher Friday, closing out the month of August with a fourth-month win as easing economic concerns triggered a sharp rebound in stocks following a major selloff earlier this month.rose 228 points, or 0.63%. The S&P 500 was 2% for August, marking a strong comeback following its biggest loss in nearly two years on Aug. 5 after a weaker July jobs report triggered worries about a recession.
Dell reported strong AI revenue, orders, and ISG margins in the quarter, UBS said,"validating that several of the issues last qtr were transitory as expected and not reflective of soft margins across its AI server business.") stock fell 4% after it cut its annual sales and profit forecasts, hurt by slowing demand for higher-priced cosmetics and fragrances at its stores.
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