Here are the main market catalysts and closing values for the major US indexes on Monday, August 31, 2020.

The Dow Jones Industrial Average and S&P 500 fell, but the Nasdaq Composite gained on Monday, according to CNBC.

  • The Dow Jones Industrial Average lost 223.82 points, or 0.80 percent, to close at 28,430.05.
  • The S&P 500 fell .20 percent to close at 3,500.31.
  • The Nasdaq Composite gained 0.70 percent to close at 11,775.46.

This was the best August in decades. The S&P 500 rose more than 7 percent in August. It was the best August for the Dow since 1984 and the best August for the S&P 500 since 1986.

Apple and Tesla both executed stock splits. Apple rose 3 percent and Tesla rose 12 percent. Banks fell as Treasury yields declined. JPMorgan Chase fell 2.5 percent and Citigroup fell 2.2 percent.

On Tuesday keep an eye out for:

  • Data on manufacturing activity and construction activity.
  • Warren Buffet earned $570 million from his Japenese stock positions in just 2 days.
  • Tensions between the US and China will get worse regardless of who wins the election, says Cedric Chehab, global head of country risk at Fitch Solutions.
  • Goldman Sachs boosted its 2021 oil forecast.
  • Facebook stated that it can remove any content that puts it at regulatory or legal risk.
  • Global stocks are mixed.
  • Old Mutual Limited and BKW AG are reporting earnings.
  • Total Vehicle Sales are due.

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Economics, Finance and Investing