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. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. 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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