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NWQWM Morning Financial Report

US Stocks continued their sell off yesterday to start the week as technology shares were under pressure following their worst sell-off in more than five months last week.  The Nasdaq Composite dropped 4% yesterday and is down more than 10% in the last 3 trading days.

 

Small-business owners confidence in the U.S. economy increased in August, outpacing expectations, according to data from a survey compiled by the National Federation of Independent Business.  The NFIB Small Business Optimism Index came in at 100.2 in August, a 1.4 points increase compared with July's reading and slightly above the historical 46-year average.


Shares of airline stocks are higher after data from the U.S. Transportation Security Administration (TSA) showed that 3.36 million people went through TSA checkpoints over the long Labor Day weekend. That compares with the 2.68 million people traveling over the long July 4th weekend, and the 1.21 million people that traveled over the Memorial Day weekend.


U.S. consumer borrowing rose in July for a second month, reflecting an increase in credit such as auto loans as the economy reopened more broadly and spending picked up.
 
With Northwest Quadrant Wealth Management, I’m Tyler Simones.

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