Investor Worries Still Growing over Eurozone Crisis
(NEW YORK) — The markets saw some volatility for the first time this week; the Dow sunk to a four-week low Thursday. Investor concerns worsened as remarks by eurozone leaders cast some doubt on economic sentiment in the region, the Wall Street Journal reports.
Closing at 13,000.71, the Dow lost 107 points, while the Nasdaq and the S&P gave up 32 points and 11 points, respectively.
The Journal reports officials in Spain will put off the decision to seek a bailout. Meanwhile, Slovakia’s prime minister says he believes there is a 50-percent possibility the eurozone could disassemble.
U.S. consumer confidence may be down, but Americans are apparently still willing to spend. Retail spending has been stronger in recent months, according to recent data. A number of major chains are reporting a rise in August numbers thanks in part to back-to-school shopping. That news came after the Commerce Department said July spending was the strongest in five months.
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