Back to Main

: Bearish Income and Spending Data Undermines Early Gains on Thin Pre-Holiday Volume

By: MT Newswires
Posted: 8/30/2013 12:00:00 PM
Referenced Stocks:

Stocks look to close a very difficult month back on negative turf as continued global tensions, fear of a drain in liquidity and the looming debt ceiling debate work to erase early gains and leaving share prices in the red on very light pre-holiday volume. A regional Purchasing Mangers Index issued today indicated improvement in the Chicago-area manufacturing sector did little to buoy trader attitudes, with investors instead remaining fixated on the below-consensus gains in consumer spending and income.