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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 28, 2024
Page
9
The Conference Board reports August consumer confidence at 103.3 up from 101.9 in July with short term expectations rising to 82.5. Current conditions improve to 134.4 though views on the labor market soften and inflation remains a concern despite lower 12 month inflation expectations.
Wall Street closed mixed with the Dow gaining 9.98 points to 41,250.50 while the S&P 500 and Nasdaq rose about 0.2 percent. Nvidia eyed as investors await results, with AI enthusiasm helping lift tech equities and a 10 year yield at 3.83 percent. Financial indicators showed consumer confidence rising to 103.3 in August, hinting at resilient spending. Major movers included Hain Celestial and Trip.com Group with notable gains as Cruise lines climbed on stronger demand.
Mark Zuckerberg alleges White House and other officials pressed Facebook for months to remove certain COVID-19 content including humor and satire. He vows to push back if similar demands arise again. White House defends actions to protect public health amid misinformation concerns. Zuckerberg also suspends Chan Zuckerberg Initiative political donations, citing neutrality and election access goals.
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