Getty Images / Drew Angerer
- US stocks traded mixed on Thursday and ended August in the red.
- The S&P 500 closed off the month 1% lower, while the Dow and Nasdaq shed 2%.
- Investors are eyeing the release of Friday's job report, which will inform the Fed's next policy move.
US stocks traded mixed on Thursday, snapping a four-day winning streak and ending the month of August with a loss.
Major indexes rose in early morning trading but ended the day mostly lower, with the Dow Jones Industrial Average ending today's session slightly in the red.
Sentiment was lifted slightly this morning after the the release of the July Personal Consumption Expenditures price index. The Fed's preferred measure of inflation showed prices rose 4.2% year-over-year last month, in-line with economists' expectations, though slightly higher than the 4.1% price acceleration recorded in June.