Wall Street's August drawdown continued another day, with the Dow logging its fifth drop in the last six sessions. The S&P 500 traded on both sides of the aisle throughout the session but ultimately finished lower, as trading buzz simmers from S&P Global's credit rating cut on the banking industry. An upbeat tech sector helped the Nasdaq eke out a win, while retail earnings send Treasury yields toward 16-year highs. 

CRUDE WAVERS ON CHINA DEMAND OUTLOOK

Crude prices struggled, as China demand weighs on the commodity's outlook. September-dated oil fell 37 cents, or 0.5%, to settle at $80.35 per barrel.

The precious safe-haven metal is enjoying its longest win streak in over a month, following a consistent rise in Treasury yields and a weakened dollar. December-dated gold added $3, or roughly 0.2%, to settle at $1,926 an ounce.

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