The US stock market continues to fall, with the Nasdaq down 1.00%.

On August 29, the U.S. stock market continued its fall, with the Nasdaq down 1.00%. Joanne Hsu, director of the University of Michigan Consumer Survey, stated that the final value of the U.S. Consumer Confidence Index matches the preliminary value, which is a decline of about 6% from July. Although the current index is about 11% higher than the levels in April and May, it is still at least 10% lower than it was six months and twelve months ago. This month's decline is widespread across different age, income, and stock wealth groups, and the public's views on various aspects of the economy have deteriorated. As concerns over high prices have intensified, the conditions for purchasing durable goods have dropped to their lowest point in a year, and the current personal financial situation has decreased by 7%. Expectations regarding business conditions and the labor market also contracted in August. However, despite being at relatively low levels compared to a year ago, personal financial expectations remained stable this month. Notably, very few consumers proactively mentioned the recent events involving the Bureau of Labor Statistics and the Fed (the survey interviews concluded on Monday, August 25, the same day Trump announced the dismissal of Fed Governor Cook). ( Jin10 )