Shares of retailers and other consumer-services companies rose after strong consumer-sentiment data.
The University of Michigan on Friday said its consumer-sentiment index was 96.8 in August, up from 93.4 in July, but down from a preliminary August reading of 97.6. The sentiment index has been higher during the first eight months of 2017 than in any year since 2000, mainly a result of consumers' positive view of their financial situations, including gains in home values and stock prices.
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U.S. auto sales were generally weaker in August, another sign that consumer demand has slowed after years of booming sales. While promotions on sports-utility vehicles drove growth at General Motors, many automakers, including Ford Motor, saw declines. Some cited lost sales from Tropical Storm Harvey.
Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
September 01, 2017 17:25 ET (21:25 GMT)