On Wednesday, August 7, U.S. stock markets closed lower; investor anxiety from a recent global selloff and the Treasury auction results led to further declines.
According to economic data, the Manheim Used Vehicle Value Index rose by 2.8% in July. Mortgage applications increased by 6.9% for the week ending August 2.
The majority of S&P 500 sectors closed down, with consumer discretionary, materials, and tech stocks seeing the biggest losses. Energy and utilities stocks, however, closed higher.
The Dow Jones Industrial Average was down 0.60% and closed at 38,763.45. The S&P 500 declined 0.77%, ending the day at 5,199.50, and the Nasdaq Composite slid 1.05%, finishing the session at 16,195.81.
Asian Markets Today
On Thursday, Japan’s Nikkei 225 ...
