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Stocks drift on Wall Street following latest run at record

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Stocks drift lower in early trading on Wall Street, pulling the S&P 500 further away from the record high close it’s been flirting with over the past few days. The benchmark index was down 0.1%, though it’s still on track for a solid weekly gain.

showed that sales for U.S retailers strengthened again last month, but by less than economists expected.

More stocks across Wall Street were falling than rising, but the moves were mostly modest. The Dow Jones Industrial Average was down 64 points, or 0.2%, at 27,830, as of 10:08 a.m. Eastern time, while the Nasdaq composite dipped 0.2%.Consumer spending is the main locomotive for the U.S. economy, so investors paid close attention to the report showing that sales at grocery stores, gas stations and other retailers rose 1.2% last month from June.

 

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crstrong iowastrong derecho derecho2020

It’s fugazi.

Well thank GOD it's on track for a solid gain. Meanwhile, 167,000 are dead with no end in sight. Awesome work, AP.

Honestly some S&P stocks are over priced so them steadily going lower at this stage is actually not a bad thing. No one wants a plunge

Imagine where it would be if not artificially propped by the Fed.

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