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Stocks pull back from their latest all-time highs on Wall St.

Wall Street closed out another winning month Friday, even as stocks gave back some of their recent gains, pulling the market below its latest all-time highs.

The S&P 500 fell 0.6% a day after climbing to a record high. The benchmark index ended August with a 1.9% gain, its fourth straight month of gains. It’s now up 9.8% so far this year.

The Dow Jones Industrial Average also came off its own record high, slipping 0.2%, while the Nasdaq composite closed 1.2% lower.

“The reason the market is down today is primarily because we are heading into a long weekend, and a lot of traders don’t like to have a hefty exposure over a long weekend because of the news that could come out and take them by surprise,” said Sam Stovall, chief investment strategist at CFRA.

Mixed economic data may also have given traders an excuse to sell and pocket some profits following the market’s milestone-setting week. A closely watched measure of inflation showed prices mostly held steady last month, and a survey of consumer sentiment came suggested Americans’ worries about the economy and prices intensified since July.

Losses in technology weighed on the market, offsetting gains in health care and other sectors.

Dell Technologies slid 8.9% for the biggest decline among S&P 500 stocks a day after the company reported second-quarter revenue that exceeded analysts’ expectations, but noted that margin pressures and weakness in PC revenue.

Among other tech companies that ended the day in the red: Tech giant Nvidia fell 3.3%, Broadcom dropped 3.6% and Oracle slid 5.9%.

The Commerce Department said prices rose 2.6% in July compared with a year ago, as measured by the personal consumption expenditures index. That’s the same annual increase as in June and in line with what economists expected.

Still, excluding the volatile food and energy categories, prices rose 2.9% last month from a year earlier, up from 2.8% in June and the highest since February.

While inflation is much lower than the roughly 7% peak it reached three years ago, it is still running noticeably above the Fed’s 2% target.

Still, Federal Reserve Chair Jerome Powell signaled last week that the central bank may cut its key interest rate at its meeting next month, amid signs of sluggishness in the job market.

The most recent government data suggests hiring has slowed sharply since this spring.

“Today’s in-line PCE Price Index will keep the focus on the jobs market,” said Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. “For now, the odds still favor a September cut.”

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