The DOW Jones 30 fell today early on with financial shares leading the decline, as investors took a step back after the previous session’s big rally. In early trading the markets were down nearly half a percent.
Markets: Stocks rallied Thursdayafter a better-than-expected third-quarter GDP report reassured investors that a recovery is on track. The Dow jumped 2% and the S&P 500 soared 2.3%, both posting the biggest one-day percentage jumps in three months. The Nasdaq gained 1.8%.
Economy: Investors are focusing on economic reports Friday, including readings on personal income and spending, consumer sentiment and manufacturing.
Personal Spending: The Commerce Department reported before the market opened that personal income was flat in September and that personal spending fell by 0.5%, matching the expectations of Briefing.com consensus.
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