News Summary: Small Biz Optimism Dives In November
By The Associated Press
SAGGING SPIRITS: The National Federation of Independent Business, which lobbies on behalf of small businesses, says a survey of its members showed they grew more pessimistic in November after the election and Superstorm Sandy.
BLEAK OUTLOOK: The number of business owners who expect business conditions to be worse six months from now rose 37 percentage points from October. The biggest problem owners are facing now is weak sales.
SANDY'S IMPACT: Owners in states hit by the Oct. 29 storm were slightly more pessimistic than those in other parts of the country. And many said they were planning to cut jobs.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts