Wall Street keeps falling, Dow Jones loses another 280 points

NEW YORK, New York – U.S. stocks traded lower for a fourth day in a row, bringing the month of August to a dismal close.

The Dow Jones did worst, losing 280.44 points or 0.88 percent. The benchmark index closed at 31,510.43.

The Nasdaq Composite declined 66.93 points or 0.56 percent to 11,816.20.

The Standard and Poor’s 500 let go 31.16 points or 0.78 percent to 3,955.00.

The U.S. dollar was stronger. The euro fell towards parity but picked up towards the New York close to finish at 1.0049.

The British pound slumped to 1.1613. The Japanese yen dived to 138.93. The Swiss franc was unwanted at 0.9778.

The Canadian dollar tumbled to 1.3138. The Australian dollar edged down to 0.6841. The New Zealand dollar fell sharply to 0.6118.

On overseas equity markets, the FTSE 100 in London declined 1.05 percent. The German Dax dropped 0.97 percent. The Paris-based CAC 40 retreated 1.37 percent.

The Nikkei 225 in Japan fell 104.05 points or 0.37 percent to 28,091.53.

China’s Shanghai Composite shed 25.08 points or 0.78 percent to 3,202.14.

The Australian All Ordinaries edged down 4.30 points or 0.06 percent to 7,226.10.

In New Zealand, the S&P/NZX 50 dropped 47.55 points or 0.41 percent to 11,601.10.

South Korea’s Kospi Composite went against the trend, adding 21.12 points or 0.86 percent to 2,472.05.

In Hong Kong, the Hang Seng finished 5.36 points or 0.03 percent in front at 19,954.34.

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