Small Business Optimism Near 45-Year High - Adviser Investments

Small Business Optimism Near 45-Year High

David Mastroianni, strategic account executive at Adviser Investments, has the market analysis for Tuesday, August 14. Major U.S. stock indexes advanced, with the Dow Jones Industrial Average, S&P 500 and NASDAQ Composite gaining 0.5%, 0.6% and 0.7%, respectively. The Federal Reserve Bank of New York reported quarterly household debt data, revealing a 3.5% increase—up to a new record of $13.3 trillion—as well as declining student loan delinquency rates. Meanwhile, the National Federation of Independent Business released its Small Business Optimism Index, which reached its second-highest level in the survey’s 45-year history. On the earnings front, Home Depot closed the day down 0.5% despite exceeding both earnings and revenue expectations and raising its full-year outlook.

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