On the SPOT™ blog (09/26/2023) [M..]
- Salyl Bhagwat
- Sep 26, 2023
- 3 min read
Economic and related news this morning seems to have made investors turn more cautious. Commerce department's new home sales report showed drop in August that was more than estimated. Conference Boards' consumer confidence index fell more than estimated. In other news, Moody's warned that government shutdown can affect the credit rating. JPM CEO's comments this morning also suggests a cautious tone on the economy. All three major US indices are in the red this morning (PST).
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