Spending, Income Up 0.6% and 0.5%, Respectively - Adviser Investments

Spending, Income Up 0.6% and 0.5%, Respectively

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Thursday, November 29. Major U.S. stock indexes declined. The Dow Jones Industrial Average fell 0.1% while both the S&P 500 and NASDAQ lost 0.3%. Meanwhile, the Commerce Department released October’s consumer spending and personal income figures. Spending rose 0.6% from September, the best gain in seven months, and income was up 0.5%, a nine-month best. Jim emphasized that this data continues to indicate a well-employed and confident U.S. consumer.

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