SCOREBOARD: Good data vibrations

Wall Street fell after downbeat Fed comments, despite a deluge of strong US consumer and manufacturing data.

US stocks pushed higher initially and for good cause. There was some very positive data out, and while none of it was tier one, it stands in stark contrast to the incessant pessimism on the US economy. So consumer confidence spiked in September, the index rising to 70 from 61, still well below average (90), but the highest since February and a far cry from the recessionary trough of 25. Below average confidence isn’t affecting spending though, according to the latest US stats on consumer spending. The Labour Department stated that US consumer spending increased over 3 per cent in 2011 which is the fastest pace since 2006. Stall speed growth.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles