Wall Street closed out another winning month Friday, even as stocks gave back some of their recent gains, pulling the market below its latest all-time highs.
The S&P 500 fell 0.6 percent a day after climbing to a record high. The benchmark index ended August with a 1.9 percent gain, its fourth straight month of gains. It’s now up 9.8 percent so far this year.
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The Dow Jones Industrial Average also came off its own record high, slipping 0.2 percent, while the Nasdaq composite closed 1.2 percent lower.
“The reason the market is down today is primarily because we are heading into a long weekend, and a lot of traders don’t like to have a hefty exposure over a long weekend because of the news that could come out and take them by surprise,” said Sam Stovall, chief inves