Stocks fall at open as consumer spending drops
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Stocks fall at open as consumer spending dropsStocks fall at open as consumer spending drops
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Stocks fell at the open Friday after the government reported that consumer spending fell[1] for the first time in a year.
The Standard & Poor's 500 index retreated from its previous day's record closing high and was down 0.1% at the opening bell.
The Dow Jones industrial average dropped 0.2% and the Nasdaq composite index fell 0.1%.
STOCKS: USA TODAY's live markets blog[2]
Asian markets were mixed. Japan's Nikkei 225 declined 0.3% to 14,632.38 and Hong Kong's Hang Seng index rose 0.3% to 23,081.65.
European bourses slipped.
Thursday, the S&P 500 rose 0.5% to a record closing high of 1920.03. The Dow gained 0.4% to 16,698.68 and the Nasdaq jumped 0.5% to 4,247.95.[3]
Read or Share this story: http://www.usatoday.com/story/money/markets/2014/05/30/stocks-friday/9759853/
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References
- ^ http://www.usatoday.com/story/money/business/2014/05/30/consumer-spending-april/9759549/ (rssfeeds.usatoday.com)
- ^ http://americasmarkets.usatoday.com/ (americasmarkets.usatoday.com)
- ^ http://www.usatoday.com/story/money/markets/2014/05/29/stocks-thursday/9708327/ (rssfeeds.usatoday.com)