American stocks concluded the day higher on Wednesday yet stayed down for the month of August, as a result of multiple elements such as the inversion of the U.S. Treasury yield causing volatility in the market, the trade dispute between U.S and China, and the no-deal Brexit situation. For the day, the S&P 500 SPX, +0.65% experienced an increase of 18.78 points, or 0.7%, to conclude at 2,887.94, but is still down 3.1% for the current month.

What led the markets were the stocks from the energy sector. Prices of crude oil increased, going back to the peak of their range for the month following their inventory plunge of 10 million barrels in the past week, its biggest decline in five weeks. 

Earlier in the day, Art Cashin, Director of Floor Operations for UBS Financial Services at the New York Stock Exchange, told CNBC that it may be necessary for the index to go down about 2% and ricochet from this for it to experience a significant rally once again. On the business show Squawk on the Street, he stated that this will provide the market a feeling of making it past another obstacle and the market could possibly recover to an earnest rally. He further stated that it is likely for the index to experience a low as much as 2,822. However, a rebound from this might indicate a continuous sturdiness in stocks. 

By: Cyril Latrice Cajanding