Consumer confidence dips in March on more pessimism about the future of the economy
By Jeffry Bartash
Consumer confidence index drops to four-month low
The numbers: Consumer confidence fell slightly in March as Americans grew about more worried about the future of the economy.
The closely followed index slipped to 104.7 this month from a downwardly revised 104.8 (originally106.7) in February, the Conference Board said Tuesday.
Economists polled by the Wall Street Journal had forecast the index to register 106.5.
Consumer confidence tends to signal whether the economy is getting better or worse.
Confidence has improved considerably since late last year thanks to slowing inflation, but it's still well below the pre-pandemic high.
Market reaction: The Dow Jones Industrial Average and the S&P 500 rose in Tuesday trades.
-Jeffry Bartash
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
03-26-24 1007ET
Copyright (c) 2024 Dow Jones & Company, Inc.-
For Bond Investors, Delayed Rate Cuts Demand a Different Playbook
-
What’s Happening In the Markets This Week
-
How the Tokyo Stock Exchange Is Pushing for Better Shareholder Returns
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Where We See Opportunities After an Ugly Month for Stocks
-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
When Will the Fed Start Cutting Interest Rates?
-
What’s the Difference Between the CPI and PCE Indexes?
-
10 Questions for Berkshire Hathaway’s 2024 Annual Meeting
-
After Earnings, Is Ford Stock a Buy, a Sell, or Fairly Valued?
-
3 Dividend Stocks for May 2024
-
Amgen Earnings: Obesity Drug Update Is Highly Encouraging
-
What’s Going on With Apple, Tesla, and Alphabet?
-
Apple Earnings: A Weak 2024, but Optimism for 2025
-
4 Utility Stocks to Play the AI Data Center Boom
-
Albemarle Earnings: We Expect Improved Results In the Rest of Year Following Cyclically Low Profits