S&P 500, stocks cap volatile August with monthly gains

The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) each end the trading day over 1% higher, while the Dow Jones Industrial Average (^DJI) is trailing in gains as it rises by 0.5%. The market close caps off September's trading month that saw wide tech sell-offs and volatility (^VIX) spike upward at the beginning of the month.

Madison Mills and Jared Blikre recap how markets, tech leaders, and sectors have reacted to July’s Personal Consumption Expenditures (PCE) index released this morning.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video transcript

That is your closing bell on Wall Street and now it is market domination over time.

We're joined by Jerry to get you up to speed on the action from today's trade.

But let me take a look at the boards here, taking a look at the S and P 500 just in our final back half of the last hour here.

See the S and P up to the upside here ending in that 1% gain territory.

You got a similar story over with the NASDAQ and just looking at the S and P over the last six months here.

You can see that previous all time high.

I don't think we quite hit that on the day, but still, nevertheless, a recovery certainly from that August route and then from a little bit of the volatility that we saw off the back of those invidia earnings and just taking a look real quickly at the mag seven.

This is the day chart for your NASDAQ Apple, the only laggard in the mag seven for the day, which is interesting here, you can see gains across your screen from the other mag seven names and that in video, the big one of the week up 1.5% in the close here.

Now let get to Jared for a closer look at the Sector action.

He Jared.

Thank you, Mattie.

And let's go straight there where we can see consumer discretionary won the day.

That's XL Y up almost one half, one half of 1% tech in a close third.

Then you got materials and industrials, all four of those up.

More than 1% so pretty good and bullish close to the month which began.

So dice uh dice, I guess that's a word too.

From the 85 lows from August 5th.

We've had quite the run up and you can see that if I do a 19 day chart, I don't want to give away too much.

I'm gonna do a bunch of this with Josh in 10 minutes.

But financials, the number one sector of the year also the number one sector since 85. aside from that, let's just check out what happened today and my leaders uh chip stocks were the number one that socks up 2.6%.

Magnificent.

7-Up.

1.64%.

That's the ETF that tracks at mags momentum, solar Chinese stocks value, home builders and transportation rounds out the top and the biggest loser today was Bitcoin guys.