Stock Market Update
07-Jun-24 15:30 ET
Stocks move slightly lower
Dow -5.56
at 38880.61,
Nasdaq -27.52
at 17145.60,
S&P +1.17
at 5354.13
[BRIEFING.COM] The market moved slightly lower in recent trading.
Consumer credit increased by $6.4 bln in April (Briefing.com consensus $11.0 bln) following a downwardly revised -$1.1 bln (from $6.3 bln) in March.
The key takeaway from the report is that the pace of credit expansion was driven entirely by nonrevolving credit, suggesting the higher interest rates on revolving credit are slowing overall demand for credit has context menu
