New York (CNN) — Tech stocks dragged the market lower on Friday and Wall Street wrapped up a wild summer on a relatively quiet note.
The Dow fell 92 points, or 0.2%. The broader S&P 500 fell 0.64%. The tech-heavy Nasdaq Composite slid 1.15%.
Despite the dip, the Dow, S&P and Nasdaq closed August with healthy gains of 3.2%, 1.91% and 1.58%, respectively.
The Dow and S&P 500 have posted four months of gains in a row, which is their best streak in roughly one year. The Nasdaq posted five months of gains in a row, its best streak since early 2024.
Stocks have rallied in recent months as trade tensions have settled, corporate earnings have come in better than expected and traders have ramped up bets that the Federal Reserve will cut interest rates in September.
The S&P 500 rose every week