Knowledge • News • Insights

In Partnership With

Michigan Business Network: LAFCU - Top

Wall Street Wrapup – U.S. Stocks saw Biggest Monthly gain since 2011

FinanceU.S. stocks rose steadily over the month and recorded their biggest monthly gains since October 2011. Stocks finished lower Friday, with the Dow down 92 to 17,664, the S&P off 10 at 2,079 and the Nasdaq down 21 at 5,054. The monthly point gains for both the S&P 500 and Dow industrials are the biggest on record.

The recent rocky ride for China’s markets has helped the country’s currency take another step toward a bigger global presence. In August, for the first time, the yuan moved ahead of the Japanese yen for fourth place as the most used currency for cross border payments compiled by Swift.

Companies seeking to go public have had a tough time recently. Amid market volatility and worries about the US and global economies, the number of initial public offerings withdrawn or postponed this year rose to 67, according to Dealogic.

Listen in for much more in A Wall Street Wrap-up.

What's Hot

Get the latest news from MBN right in your inbox

Sign up for our newsletter and never miss a beat.