Despite a grim end to the month thanks to new air strikes between the U.S. and Iran, all three indexes logged wins for August. The Dow closed lower for the session but logged a fifth-straight monthly win, while the S&P 500 and Nasdaq also finished in the red today but posted their first monthly gains since May. The small cap Russell 2000 (RUT) followed a similar track, closing lower today but nabbing a monthly win. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), enters September below 15 and just wrapped up back-to-back monthly losses.
Gold, Oil Log Impressive August Wins
Crude prices surged as mentioned above, as supply chain worries blanketed investor outlook. Front-month WTI oil surged 2.8% to finish at $85.76 per barrel for the session and rose 7.4% for August.
Gold futures extended Friday's losses as rate-hike buzz loomed. December-dated gold fell 1% to settle near $4,482.60 for the day and added 9.4% for the month.
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