“Stocks retreat from records, consumer confidence unexpectedly drops in August”
August 25, 2020
“Stocks drifted lower Tuesday morning after each of the S&P 500 and Nasdaq touched yet another record intraday high earlier in the session. A closely watched index tracking US consumer confidence unexpectedly deteriorated in August to a fresh pandemic-era low, cooling hopes for an extended rebound in consumer spending trends.
The three major indices also lost steam from pre-market trading, when investor optimism had been stoked by signs that terms of an early-phase US-China trade deal would remain intact despite rising tensions elsewhere between the two countries…”
https://finance.yahoo.com/news/stock-market-news-live-august-25-2020-223407425.html