Market Moves Lower on Lower Spending per Shopper

December 2nd, 2013
in Gary's blogging, market close, syndication

Written by

Closing Market Commentary For 12-02-2013

Gary is off today, and the closing market commentary comes from our syndication partner

U.S. stocks fell on Monday on concerns holiday shopping sales may disappoint, while investors also avoided equities to await the release of Friday's November jobs report.

At the close of U.S. trading, the Dow Jones Industrial Average finished the day down 0.48%, the S&P 500 index fell 0.27%, while the Nasdaq Composite index fell 0.36%.

Follow up:

Concerns that shoppers may be out in greater numbers this year but are spending less sent stock prices sliding on Monday.

The National Retail Federation reported earlier that traffic over the U.S. Thanksgiving Day holiday grew 27% on year this year, though the group added that shoppers spent an average of USD407.02 from Thursday through Sunday, down from USD423.55 last year, which allowed stocks to decline.

The following charts can be viewed for later data at Click on any table for latest data.

Major Indices


Forex majors


Real Time Commodities


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