US stocks slip but cap winning month for stocks

Major US stock indices, including the Dow, S&P 500, and Nasdaq, slipped on the final trading day of the month but still capped a winning month overall. The Dow logged its fifth consecutive month of gains, while the Nasdaq and S&P 500 finished August higher despite Brent oil trading above $90 and 30-year yields at 5.25%.

Why it matters: The daily stock decline coincided with rising oil prices after the US military targeted Iranian sites in the Strait of Hormuz.