Consumer, the shutdown
Digest more
The record-breaking government shutdown has left Americans feeling worse about the economic outlook. That’s according to the latest University of Michigan consumer sentiment survey, which showed the index falling to 50.
US stock markets were in flux on Friday as the NASDAQ Composite (IXIC) saw its third greater than 1% drop this week. With 90 minutes to go before the session closes, the S&P 500 (SPX) has declined 2.6% this week so far,
US consumers' views of the economy dimmed in November, reaching the lowest level since mid-2022 as a government shutdown fueled household worries, survey data showed Friday. The University of Michigan survey comes as the US government shutdown has halted federal data releases too,