-
Pandemic Shadows Lift As US Consumer Confidence Soars To 2-Year High
Tuesday, July 25, 2023 - 11:50am | 463U.S. consumer confidence soared to its highest level since July 2021, according to data issued Tuesday by The Conference Board, driven by a strong job market and a steady decrease in inflation. Consumer Confidence Jumps: The Consumer Confidence Index rose to 117 in July, a significant jump from 110...
-
University Of Michigan's May Consumer Sentiment Forecast: Inflation Concerns Threaten Market Sectors
Thursday, May 11, 2023 - 5:02pm | 488On Friday, May 12, at 10 a.m. ET, the University of Michigan will release the preliminary estimate of the May Consumer Sentiment Index. The consensus among economists forecasts a marginal drop in the consumer sentiment indicator from 63.5 in April to 63 in May. ...
-
Consumer Confidence Increased Again But Faith In The Fed Slips Below Levels Unseen Since Black Monday, 2008 Financial Crisis
Friday, October 14, 2022 - 12:30pm | 539As of early Friday, the University of Michigan announced the preliminary results for October’s Surveys of Consumers. What Happened: The index for consumer sentiment and current economic conditions slightly rose by 2% and 9.4% month-over-month, respectively. This can be attributed to a 23%...
-
'Litmus Test': Stock Market Update For The Week Ahead
Sunday, November 22, 2020 - 8:16pm | 1303The Past Week, In A Nutshell What Happened: After the abrupt rotation into value and small-cap stocks on the procurement COVID-19 coronavirus vaccines and news of further lockdowns, broad-market indices ended flat-to-down. Remember This: “Historically the overall retail investor sentiment or...
-
A Strong And Confident Consumer Doesn't Mean Big Bucks Will Be Spent
Friday, December 23, 2016 - 12:00pm | 292The U.S. election is over with and the Dow Jones Industrial Average is flirting with the 20,000 mark. Gas prices remain relatively low compared to what they were at a few years ago. With that said, the consumer must be in a confident mood and spending the big bucks this holiday season. Right? Not...
-
Friday's Jobs Numbers Fell Short, But Won't Change Public Perception
Friday, November 4, 2016 - 2:12pm | 536The U.S. government announced on Friday non-farm payrolls for the month of October rose 161,000, falling short of the 178,000 figure experts were expecting. However, the numbers were higher than the prior reading of 156,000, which was revised this month higher to 191,000. Benzinga had an...
-
Will Thursday's Job Reports Impact Consumer Spending?
Thursday, November 3, 2016 - 11:55am | 349Consumer spending for the month of September rose 0.5 percent from a month earlier, which exceeded the 0.4 percent growth economists surveyed by the Wall Street Journal were expecting. The Wall Street Journal further noted that personal-consumption expenditures rose at a 2.1 percent pace in the...
-
Nomura Highlights Top Picks For 2016: Amazon, TJX, Nike, Coach
Thursday, December 10, 2015 - 11:08am | 599According to Robert Drbul of Nomura, the consumer is in a "better position to spend." Drbul added low gas and oil prices will also leave consumers with ‘extra cash to spend' and the low-income consumer should "continue to benefit." The analyst named Amazon....
-
Markets Continue To Rally As The Dow Closes Above 17,000
Tuesday, October 28, 2014 - 4:44pm | 1552U.S. stocks continued to charge forward as the Dow closed above the 17,000 mark as consumer confidence rose more than expected in October. The Federal Reserve gathered Tuesday and will release a statement on Wednesday at 2:00 p.m. ET. It is not a foregone conclusion that the Federal Reserve...
-
S&P 500 Closes Above 2,000; Dow Hits New All-Time High As Markets Continue To Rally
Tuesday, August 26, 2014 - 4:42pm | 2835U.S. stocks rose, lifting the Dow to new historical all-time highs of 17,153.80 following a better than expected rise in orders of durable goods. Consumer confidence improved in August, helping market sentiments while investors and traders placed less emphasis on a report that home prices are...
-
Stocks Lower As Earnings Season Takes Back Seat To Geopolitical Uncertainties
Tuesday, July 29, 2014 - 4:37pm | 2823U.S. stocks fell as the Dow dipped below the 17,000 marks as geopolitical concerns become a main focus. In a televised statement, President Obama said the United States will expand on sanctions meant to hurt Russia's energy, defense and financial sectors. The move follows Russia's...
-
4 Stocks To Trade In The Wake Of Tuesday's Economic Data
Wednesday, June 25, 2014 - 9:07am | 1366A number of key economic reports were released on Tuesday, including the Case-Schiller 20-city Index, new home sales, and consumer confidence data. Many of the stocks that moved based on these reports will likely continue to be attractive names to trade throughout the rest of the week. The...
-
Consumer Confidence And Housing Data Take A Back-Seat To Markets
Tuesday, June 24, 2014 - 4:36pm | 2263U.S. stocks declined as the recent round of violence in Iraq may have escalated following reports that Syrian warplanes conducted raids in western Iraq, killing at least 50 people. The CBOE Volatility Index, also referred to as the "fear index", rose more than ten percent, trading...
-
UAE Poised For Plunge As Dubai Stock Exchange Crashes Into Bear Territory
Tuesday, June 24, 2014 - 10:04am | 631ETF Outlook for Tuesday, June 24, 2014 (UAE, XRT SPY, CU, FCX iShares MSCI UAE Capped ETF (NASDAQ: UAE) The Dubai stock exchange crashed last night with an 8 percent loss, putting the Middle East stock market firmly into bear market territory. This comes one year after Dubai was one of the top...
-
Market Wrap For May 27: S&P 500 Closes At New Record High After Holiday Weekend
Tuesday, May 27, 2014 - 4:48pm | 1979U.S. stocks rose on a light volume trading session following a three day weekend. Regardless, the S&P 500 index hit a new intraday all time high of 1,912.28. Tuesday's trading session saw the release of mostly positive economic data including durable goods and the S&P/Case-Shiller...