Economy gets stronger, but consumers aren't happy - Marketintelligencecenter.com

Economy gets stronger, but consumers aren't happy


After the open… stocks were rising this morning, after closing slightly higher on Monday. Investors are responding today to news that the US economy grew at 3.9% in the third quarter, a sharp upward revision from the first estimate of 3.5%. The picture changed sharply after the Consumer Confidence report, which came in at 88.7 when the Street was expecting a much more robust 96. Stocks went almost immediately into decline, but only a small one. At present, the S&P 500 is down 0.05%. It isn’t clear what went wrong. In theory... Read More



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