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Equities in August saw many peaks and valleys throughout the month, finally rallying at the end of the month.  Strong second-quarter gross domestic product (GDP) figures, steady job gains, and increased consumer spending sent stocks higher, despite stagnant inflation and heavy personal and financial losses caused by Hurricane Harvey.  The large caps of the S&P 500 and Dow posted marginal monthly gains with the tech-heavy Nasdaq leading the way closing August up 1.27%.  The small caps of the Russell 2000 continued to lag, falling 1.39% from its July closing value.  The Global Dow inched down 0.32% for the month, but is still strong year-to-date, up over 12.50%.  The prices of 10-year Treasuries climbed, sending yields lower.
 
By the close of trading on August 31, the price of crude oil (WTI) was $47.07 per barrel, down from the July 31 price of $40.18 per barrel.  The national average retail regular gasoline price was $2.399 per gallon on August 28, up from the July 31 selling price of $2.352 and $0.162 more than a year ago.  The price of gold increased by the end of August, closing at $1,327.20 on the last trading day of the month, up $51.60 from its July 31 price of $1,275.60.
 
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August Market Month