U.S. Stock Indexes Decline - Adviser Investments

U.S. Stock Indexes Decline

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Friday, December 21. Major U.S. stock indexes declined for the third consecutive day, with the Dow Jones Industrial Average, S&P 500 and NASDAQ down 1.9%, 2.1% and 3.0%, respectively. Jim emphasizes that despite ongoing investor concern, economic fundamentals continue to provide “solid footing underneath what remains a very nervous marketplace.” Meanwhile, the Commerce Department released updated consumer spending data, revealing that spending topped expectations with November’s 0.4% gain. Similarly, durable goods orders climbed 0.8% last month, reversing October’s steep 4.3% decline.

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