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Mid-Day Recap: Markets Turn Sour on Weak Consumer Confidence
Despite early gains in the first minutes of trading, all three indexes are rapidly erasing Monday’s gains in the first 90 minutes of the session. The data has been mixed this morning, with consumer confidence falling, contraction in the Midwest
Consumer Confidence Stumbles as Labor Market Stagnates
Consumers weren’t as optimistic about economic recovery as analysts had assumed, a survey released Tuesday said. The Conference Board’s index of Consumer Confidence failed to build on its substantial gains in May, as overall sentiment retreated
Chicago PMI Indicates Recessionary Forces Slowing in June
Service and manufacturing in the Midwest continued to be in deep contraction in June, but the pace of slowdown improved in line with market expectations. The ISM-Chicago Business Barometer advanced by 5 points to a 39.9 reading in June, a decent improvement
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