S&P 500 falls slightly Tuesday, but notches 7th-straight winning month in August

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Stocks edged lower on Tuesday as the S&P 500 wrapped up its seventh-straight month of gains at just below all-time highs. The Dow Jones Industrial Average slipped 39.11 points, or 0.11%, to close at 35,360.73. The S&P 500 lost 0.13% to finish at 4,522.68, while the Nasdaq Composite was down just 0.04% to 15,259.24. Tuesday marked the last trading day of August, and major averages posted solid gains for the period. The S&P 500 rose 2.9% this month, while the tech-heavy Nasdaq Composite climbed roughly 4% for its third winning month in a row. The blue-chip Dow lagged but still added 1.2%.For the S&P 500, this is the longest winning streak since a 10-month run ending in December 2017. August was also the benchmark's 9th positive month in the last 10. The index notched its 53rd record close of 2021 on Monday, and some on Wall Street believe more upside is ahead."We believe that the momentum toward reopening and recovery is intact and that there is further upside to
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