Wall Street starts September with new worries - 13 WTHR Indianapolis

Wall Street starts September with new worries

Updated:
NEW YORK -

 

Investors are facing a scary September, after the stock market slogged through a tough August.
That's because this month is stacked with so many events that could shake investors' confidence.

Germany holds national elections that could change how the eurozone handles rescue loans for troubled countries. The U.S. Congress will need to pass a spending bill to avoid a government shutdown. And many people expect the Fed to reduce its bond purchases, which have bolstered the economy and stock market.

Disappointing news on consumer spending helped pull stocks lower Friday in a quiet end to the market's worst month in more than a year.

The Standard & Poor's 500 index closed August with a loss of 3.1 percent while the Dow Jones industrial average lost 4.4 percent. Both had their biggest one-month drop since May 2012.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

Powered by WorldNow