KQED Nightly Business Report August 8, 2013
Report for wednesday, august 7th. Good evening everyone and welcome. Call it the summer stumble. It doesnt qualify as a swoon or full fledged sale off yet but u. S. Stocks fell dropping like dominos. Japan notably declined 4 as the yen rose against the dollar. Here in the u. S. Investors seemed unsettled by reoccurring fed chatter thinking the u. S. May scale back stimulus in september maybe not. If not, maybe the end of the year. Either way, investors didnt like it. The dow dropped 48 points and the nasdaq to 3654 and the s p 500 closed at 1690 and change. Since 1987, august is the worst mont...