Stocks ended August with a volatile day of trading on Friday, as a decline in a key consumer-confidence gauge offset earlier gains that had been sparked by increased optimism around trade. Markets opened higher on Friday after China's Foreign Ministry said the US and China were maintaining"effective communication." Most of those gains were lost after the University of Michigan's consumer-sentiment index posted its largest monthly decline since 2012 in August.
Stocks ended August with a volatile day of trading on Friday, as a decline in a key consumer-confidence gauge offset earlier gains that had been sparked by increased optimism around trade. Markets opened higher on Friday after China's Foreign Ministry said the US and China were maintaining"effective communication." Most of those gains were lost after the University of Michigan's consumer-sentiment index posted its largest monthly decline since 2012 in August.
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