American Stock Exchange
2437.51 down 24.00
Nasdaq Composite
3116.23 down 20.37
Standard and Poors 500
1440.67 down 6.48
How is your stock portfolio doing? Probably not well, at least this week. Here’s Friday’s Bloomberg After The Bell Report from the New York Stock Exchange.
The biggest part of the economy is sputtering. Consumer spending barely rose last month as higher gas prices cut into our paychecks and those cutbacks in expenses also extended to our food choices. One analyst says this could be the slowest sales month for fast-food burger chains. That prediction sent McDonald's stock down.
Stocks fell as investors are worried about the economy, ending the worst week since June. Verizon says it's helping to investigate the series of cyber-attacks that plagued some of the world's biggest banks over the past two weeks. A Verizon cyber-security expert says the company is working with the federal government to look into the hacks.
A group angry over the controversial “Innocence of Muslims” films has claimed responsibility. Sources say the White House is looking into creating a program to shield computer networks from similar attacks.
