Stocks advanced on Tuesday as technology stocks recouped some losses from Monday, when a rotation away from growth names picked up steam as concerns over inflation lingered. The Nasdaq Composite…
Tag: August
Inflation Remained Stubborn in August | Economy
A gauge of inflation closely watched by the Federal Reserve Board was essentially unchanged in August, suggesting inflation is showing little sign of abating, the Commerce Department reported on Friday.…
Consumers Ramped Up Spending in August as Inflation Remained Elevated
Consumer spending picked up in August, a sign the U.S. economic recovery is gaining steam heading into the fall. Personal outlays on goods and services rose 0.8% in August from…
Stocks end session lower but still post winning August
Stocks dipped on Tuesday, but the major indexes still closed out August trading with another monthly gain. The S&P 500 was slightly lower during the session, pulling back after the…