Wall Street didn’t have a very good Monday. In fact, stock indexes were hit harder than they’ve been hit in the last month and a half. The reason? Investors are worried about the lack of growth in consumer spending.
One of the leading culprits for lowering the confident in consumer spending was Lowe’s. The home improvement giant released a second quarter report on Monday that came in low on both profit and revenue. As a result, Lowe’s stock dropped more than 10% and soured many investors.
Most stock indexes were down between two and three percent. The Dow Jones industrial average was …read more

On Friday, the stock market showed more signs of improvement. With the stock indexes all on the rise, it is apparent that investors are really starting to feel confident.
The Dow Jones industrial average was up to 9,370.1 — a jump of more than 1%. The Nasdaq index was up almost 1.5% to finish Friday over, 2,000. The Standard & Poor’s 500 was up 1.3% to finish the week at 1,010.5. The best news was seen on the Russell 2000, which rose to 572.4 — a jump of more than 2.5%.
The most common reason given for the improvement on the stock …read more