Market Wrap: GE Unloads Appliances Unit; Boeing Gets Massive 737 Order; Merger Monday! - InvestingChannel

Market Wrap: GE Unloads Appliances Unit; Boeing Gets Massive 737 Order; Merger Monday!

Market wrap for September 8th

End of the Day: S&P 500 up down 6.2 to 2,001.54; Dow Jones up down 25.9 to 17,111.42; Nasdaq up 9.4 to 4,592.29

* In July, consumer credit increased at a seasonally adjusted annual rate of 9-3/4 percent. Revolving credit increased at an annual rate of 7-1/2 percent, while nonrevolving credit increased at an annual rate of 10-1/2 percent. The total aggregate increase was $26 billion, versus a gain of $17.4 billion expected by analysts.

* General Electric (NYSE: GE) has signed a definitive agreement to sell its Appliances