S&P 500, Nasdaq again close at records but Dow dips 0.2%

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S&P 500, Nasdaq again close at records but Dow dips 0.2%
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NEW YORK (AFP) - Wall Street continued marching higher on Tuesday (Aug 25), with the Nasdaq and S&P 500 posting their third consecutive record highs even as the Dow lost ground in volatile August trading.. Read more at straitstimes.com.

NEW YORK - Wall Street continued marching higher on Tuesday , with the Nasdaq and S&P 500 posting their third consecutive record highs even as the Dow lost ground in volatile August trading.The tech-rich Nasdaq Composite Index ended up 0.8 per cent at 11,466.47, bringing its tally of records closer to 40, while the broad-based S&P 500 advanced 0.4 per cent to close at 3,443.62.

That sentiment was buoyed by the release of Commerce Department data showing new home sales jumping 13.9 per cent in July compared to the prior month, the third consecutive month of massive increases and more than 36 per cent above the same month in 2019. However, in a sign of a toll the impasse in Washington has had on Americans, The Conference Board reported its consumer confidence index deteriorated again in August falling to 84.8 from 91.7 in July, with sentiment about both the present situation and near-term prospects worsening.

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