[U.S. Stocks Continue to Decline, Nasdaq Falls 1%] On August 29, U.S. stocks continued to slide, with the Nasdaq closing down 1%. The final value of the University of Michigan Consumer Sentiment Index dropped 6% compared to July, durable goods purchasing conditions fell to a one-year low, and personal financial conditions declined by 7%. Consumers' expectations for the economy, business, and labor market generally weakened, but personal financial expectations remained stable.