The Nasdaq Composite registered a fifth consecutive winning day, but still suffered its worst monthly loss of 2023. A recent string of positive sessions - in which the S&P 500 and the Dow climbed for four straight days - helped the indexes trim their monthly losses. Nevertheless, in August, the broad-market index lost 1.77 per cent, while the Nasdaq shed 2.17 per cent. The 30-stock Dow dropped 2.36 per cent.

Traders on Thursday also pored over new U.S. inflation data. The core personal consumption expenditures index increased 0.2 per cent month over month in July and 4.2 per cent year over year, matching estimates from economists polled by Dow Jones. The core PCE is a closely watched inflation indicator by the Federal Reserve. Salesforce mitigated some of the Dow's losses. Shares advanced nearly 3 per cent after the software company announced fiscal second-quarter results and third-quarter guidance Wednesday that exceeded analysts' expectations.

Investors will now turn their attention to non-farm payroll data due out Friday morning. Economists polled by Dow Jones forecast 170,000 additions. Traders are holding onto hope that the report will indicate that the economy is slowing meaningfully, and ultimately give the central bank reason to pause benchmark interest rate hikes.

European markets closed mixed. London's FTSE fell 0.46 per cent, Frankfurt added 0.35 per cent, and Paris closed 0.65 per cent lower. Turning to Asian markets, Tokyo's Nikkei gained 0.88 per cent, Hong Kong's Hang Seng fell 0.55 per cent while China's Shanghai Composite closed 0.55 per cent lower.

Gold fell 0.33 per cent. Silver lost 1.17 per cent. Copper shed 0.30 per cent. Oil gained 2.40 per cent.

Dow Jones 34,721.91 -168.33 -0.48%
US S&P 500 4,507.66 -7.21 -0.16%
US Nasdaq 14,034.97 +15.66 +0.11%
UK FTSE 100 7,439.13 -34.54 -0.46%

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Balkan Mining Minerals Limited (ASX:BMM) Mining Exploration Sector IPO at $0.20 Price Change from IPO Investment: + $0.175 / 85.50%
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Advanced Share Registry Limited published this content on 01 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2023 07:29:06 UTC.