The Thomson Reuters’ Post-Venture Capital Index (PVCI) dropped 20 points points to end August at 1136.39 points, a 1.74 percent decline from the 1156.53 points total tally at the end of July.
The index value ending Aug. 31 still represents a gain of 170 points, or a growth of nearly 18 percent, since the start of the year when the PVCI stood at 966.
However, the Nasdaq rose in August by nearly 24 points, while the S&P gained 1 point over the month.
At the end of August, the PVCI was comprised of 338 companies. Of the stocks tracked, 172 advanced in value during the month while 166 declined.
The number of companies in the index rises and falls, depending on new issues or as the companies fold or are acquired. Also, companies remain in the index for only 10 years.
A total of 52 of the advancing stocks in August were in computer software and services, while biotech saw 41 stocks rise. The largest group of decliners was also in biotech with 32, followed by computer software with 26 decliners.
Facebook, as it typically does each month, ranked as the company with top market value, as of June 30, followed by Tesla and Kinder Morgan.
The index is calculated daily and does not take into account dividends.
It began in January 1986 with an initialized index value of 100.
Download Data: PVCI as of Aug. 31, 2017
Photo of depressed businessman in front of market chart courtesy of Ridofranz/iStock/Getty Images
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