Dow opens 130 points lower as stocks aim to end close out the best August return in decades

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U.S. stock benchmarks on Monday were under pressure as Wall Street attempts to close out a strong performance in a seasonally lackluster month, ahead of what’s likely to be a turbulent patch for investors heading into autumn amid the COVID-19 pandemic and ahead of crucial 2020 elections. The Dow Jones Industrial Average was off 130 points, or 0.5%, at 28,519 the S&P 500 index retreated 0.1% at 3,504, while the Nasdaq Composite Index climbed 0.3% at 11,722. A solid showing for the S&P 500 and the Dow will result in its best August return since 1984 while gains for the Nasdaq are on track for the best August since 2000, according to Dow Jones Market Data. Monday also marks key changes to the Dow precipitated partly by Apple Inc.’s 4-for-1 stock split, which prompted the Dow’s owners, S&P Dow Jones Indices, to add Salesforce.com Inc. (, Amgen Inc. and Honeywell International Inc. to the index, replacing iconic Exxon Mobil Corp. , Pfizer Inc , and Raytheon Technologies Corp. .
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