Posted: Aug 30, 2013 7:47 AM by ASSOCIATED PRESS
NEW YORK (AP) - Stocks are opening mixed as investors weigh a government report showing weak consumer spending in July.
The Dow Jones industrial average fell 10 points to 14,830 shortly after the market opened Friday. The broader Standard & Poor's 500 index was up less than a point to 1,638. The Nasdaq composite fell two points to 3,617.
August is shaping up to be the market's worst month since May 2012. The S&P 500 has fallen 48 points this month, a 3 percent decline. In May 2012, it fell 88 points, or 6.3 percent
The Commerce Department said Friday that U.S. consumers barely increased their spending in July after their income grew more slowly.
The markets will be closed Monday for the Labor Day holiday.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at firstname.lastname@example.org, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties