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The S&P 500 Rises in August for the Fourth Month in a Row

Listen to a quick, 3-minute summary featuring the market and economic news for the month of August.

Highlights include:

  • The S&P 500 Index of the largest U.S. companies increased 2.4% for the month.
  • Among the 11 sectors within the S&P 500, Consumer Staples and Real Estate sectors rose the most with a return of 6% each during the month.
  • There were only two sectors—Consumer Discretionary and Energy—that fell in August.
  • At month’s end, the Federal Reserve continues to be on track to cut interest rates by either one quarter or one half of 1% at its September meeting to stimulate the economy.
  • Inflation pressures continue to recede with inflation now running below 3% as of the end of July 2024.1 While unemployment ticked higher, GDP and personal spending rose in July. Specifically, GDP rose 3% in the second quarter of 2024.2

1 U.S. Department of Labor, 2 Bureau of Economic Analysis

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Katharine E.W. Dudley, AIF®
Vice President, Client Advisor

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You are now leaving the Jemma Investment Advisors, LLC Website and will be entering the Charles Schwab & Co., Inc. ("Schwab") Website. Schwab is a registered broker-dealer, and is not affiliated with Jemma Investment Advisors, LLC, or any advisor(s) whose name(s) appears on this Website. Jemma Investment Advisors, LLC is independently owned and operated. Schwab neither endorses nor recommends Jemma Investment Advisors, LLC. Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor. Schwab has agreements with Jemma Investment Advisors, LLC under which Schwab provides Jemma Investment Advisors, LLC with services related to your account. Schwab does not review the Jemma Investment Advisors, LLC Website, and makes no representation regarding the content of the Website. The information contained in the Jemma Investment Advisors, LLC Website should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.

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