US indexes rose but struggled to maintain its momentous moves from Thursday of last week. Monday saw very little in the way of economic news and reports.
The consumer credit report came in line with expectations–up $17.9 billion in August versus July’s $23.0 billion. This means that credit card debt fell around $1.9 billion after it had increased by$9.4 billion previously. However, non-revolving credit–namely, student loans and vehicle financing–rose sharply by $19.8 billion in August.
Overall, investors felt a bit of relief regarding resumptions of the US-China trade talks which seems tepidly hopeful yet fragile.
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