Stock Market Update
07-Oct-25 15:25 ET
August Consumer Credit Report
Dow -131.55
at 46563.21,
Nasdaq -159.60
at 22782.08,
S&P -29.77
at 6710.50
[BRIEFING.COM] The major averages trade in a steady range, a touch off session lows, as the market enters the final half hour of today's session.
Consumer credit increased by $0.4 billion in August (Briefing.com consensus: $13.1 billion) following an upwardly revised $18.0 billion increase (from $16.0 billion) in July.
The key takeaway from the report is that the expansion in consumer credit was miniscule in August due to a decrease in revolving credit, which saw its biggest decrease since March.
