The US stock market ultimately rose in a turbulent August, with the Dow Jones Industrial Average gaining 1.4% for the month, and the S&P 500 and Nasdaq Composite rising 2.4% and 3.5%, respectively. However, on the last trading day of August, the three major indices fell during intraday trading due to geopolitical tensions, with the Dow down 0.56%, the S&P 500 down 0.43%, and the Nasdaq down 0.34%. This followed US airstrikes on Iranian rocket launchers on Larak Island in the Strait of Hormuz on Sunday, to which Iran retaliated by attacking two US military bases in Jordan. As a result, Brent crude oil prices jumped approximately 2.8%, returning above $90 per barrel. Energy stocks bucked the trend, rising 0.9%, while Tesla's stock increased by 5.2% after cutting the price of its Model 3 by about 8.5% in Hong Kong and Macau.