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Wall Street mixed as S&P 500 on track for best August in 36 years

New entrants to the blue-chip index, Salesforce.com Inc , Honeywell International Inc and Amgen Inc , slipped between 0.3% and 1.2%

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A trader works on the floor of the New York Stock Exchange (NYSE) in New York City. Reuters

3 min read Last Updated : Aug 31 2020 | 9:30 PM IST

The S&P 500 hovered near record highs on Monday as bets on a rebound in economic activity due to prolonged central bank support put the index on course for its best August in more than three decades.

The Federal Reserve's commitment to tolerate inflation and keep interest rates low, positive developments in vaccines and treatments for Covid-19 and a momentum-driven rally in tech-focused stocks have helped the S&P 500 and Nasdaq hit consecutive all-time highs.

The newly reshuffled Dow slipped, and was within 3.7% of its record close on Feb. 12, while the tech-heavy Nasdaq climbed another 0.7% to a

Topics : Coronavirus Wall Street S&P 500 US economy TikTok Apple Microsoft Tesla ByteDance

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