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- August has historically been a rough month for markets.
- This year proved no exception as the stock rally ground to a halt.
- Here are some of the month's biggest winners and losers.
August is often a rough month for markets as investors head off on vacation and trading volume plunges, and 2023 proved no exception.
Stocks tumbled before paring back some of their losses, with Wall Street still trying to figure out how close the Federal Reserve is to ending its long campaign of interest rate rises.
There were still some sources of optimism amid the gloom, though, as the US dollar snapped a two-month losing streak and Nvidia's share price reached a record high following a stellar second-quarter earnings report.