Please try another search
Investing.com - U.S. consumer confidence fell more than expected in April, dampening optimism over the U.S. economic outlook, industry data showed on Tuesday.
In a report, the Conference Board, a market research group said its index of consumer confidence declined to 82.3 this month from a reading of 83.9 in March, whose figure was revised up from a previously reported 82.3.
Analysts had expected the index to inch down to 83.0 in April.
The Present Situation Index decreased to 78.3 from 82.5, while the Expectations Index was virtually unchanged at 84.9 versus 84.8 in March.
Commenting on the report, director of The Conference Board Consumer Research Center Lynn Franco said, “Consumer confidence declined slightly in April, as consumers assessed current business and labor market conditions less favorably than in March.”
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.2% to trade at 1.3822.
Meanwhile, U.S. equity markets were higher after the open. The Dow Jones Composite rose 0.55%, the S&P 500 added 0.5%, while the NASDAQ Composite tacked on 0.4%.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.