S&P 500 News: Apple Stock Up on Split, Buffett Bags Asian Elephant, Cruise Stocks, Oil Stocks Fall
The S&P 500 Index (SNPINDEX: ^GSPC) fell 7.7 points, or 0.34%, on Aug. 31. Today's modest sell-off wasn't enough to wipe out what has been a great month for investors; the index finished August up 7%, making for the best month since April.
Today's decline was led by sell-offs in some of the worst-performing industries so far this year, with oil refiner Hollyfrontier (NYSE: HFC) stock falling 7.5%, shares of casino operator MGM Resorts International (NYSE: MGM) down 5.7%, and shares of airline and cruise line American Airlines (NASDAQ: AAL) and Carnival Corp. down 4% on the day.
Empty resorts and hotels could be a thing for some time to come. Image source: Getty Images.
Source Fool.com
