NiSource Plunges 11% after Pipeline Explosions - Adviser Investments

NiSource Plunges 11% after Pipeline Explosions

Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Friday, September 14. It was a flat day with fractional movement for major U.S. stock indexes as Hurricane Florence continued to dominate headlines. In terms of economic news, the Commerce Department released August retail sales data, which revealed a 0.1% spending increase versus July. Despite that modest advance coming in well below economic forecasts, the longer-term trend of robust consumer spending remains unchanged. Meanwhile, NiSource, Columbia Gas of Massachusetts’ parent company, closed the day down 11% following Thursday’s pipeline explosions.

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