Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 30 August 2012 [View all]xchrom
(108,903 posts)40. STOCKS FALL AS CONSUMER SPENDING FAILS TO IMPRESS
http://hosted.ap.org/dynamic/stories/U/US_WALL_STREET?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-08-30-09-50-18
NEW YORK (AP) -- Stocks are opening lower, with investors underwhelmed by news of higher consumer spending.
The Dow Jones industrial average is down 76 points to 13,031. The Standard & Poor's 500 is down nine to 1,402. The Nasdaq is down 19 to 3,062.
The government says that consumer spending rose in July after holding steady in June and falling in May. Separately, retailers like Target and Costco are reporting that they beat analysts' predictions for August sales.
Investors could be worried that gas prices, which hit a national average of $3.80 per gallon this week, will force customers to cut back on shopping.
The government also says that the number of Americans seeking unemployment benefits was unchanged last week. But the four-week moving average, a less volatile measure, increased.
NEW YORK (AP) -- Stocks are opening lower, with investors underwhelmed by news of higher consumer spending.
The Dow Jones industrial average is down 76 points to 13,031. The Standard & Poor's 500 is down nine to 1,402. The Nasdaq is down 19 to 3,062.
The government says that consumer spending rose in July after holding steady in June and falling in May. Separately, retailers like Target and Costco are reporting that they beat analysts' predictions for August sales.
Investors could be worried that gas prices, which hit a national average of $3.80 per gallon this week, will force customers to cut back on shopping.
The government also says that the number of Americans seeking unemployment benefits was unchanged last week. But the four-week moving average, a less volatile measure, increased.
Edit history
Please sign in to view edit histories.
60 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Matt Taibbi: Greed and Debt: The True Story of Mitt Romney and Bain Capital
DemReadingDU
Aug 2012
#13