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Brought to you by Financial Times
To the tune of lowered income, increased spending and plummeting value of the dollar, major indexes down on the day. The DJIA down -17.31 to 13895.63. The S&P 500 lost -4.63 to close at 1526.75and the Nasdaq fell -8.09to 2701.50. Random Index spinner: Hang Seng Index: up 77.32 to close at 27,142.47.
Personal consumption expenditures declined 0.1% compared to last month. Excluding food and energy the PCE rose 1.8%. Construction spending increased by 0.2% defying expectations of a -0.3% slip.
On the NYSE Friday, 1,337 stocks up and 1,984 down, totaling 883.5 million shares traded.
The euro was at $1.4261 from $1.4147 against the dollar – closing at another high. The dollar was at 114.78 yen from 115.65 yesterday. Crude closing at $81.63 and after reaching a 27 intraday high, gold closed $750.50.
For more market action FT Alphaville