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US Consumer Morale Dips More Than Expected In July: Sentiment 'Remains Stubbornly Subdued'
Friday, July 12, 2024 - 10:26am | 405Preliminary estimates from the University of Michigan revealed that U.S. consumer confidence has declined more rapidly than anticipated in July, hitting its lowest level since November 2023. The survey also indicated that inflation expectations have slightly eased, implying that the drop in...
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Consumer Sentiment Tumbles In June, Reaches 7-Month Low: 'High Prices As Well As Weakening Incomes' Raise Concerns
Friday, June 14, 2024 - 10:30am | 469Preliminary estimates from the University of Michigan indicate a sharper-than-expected decline in U.S. consumer confidence in June, reaching its lowest point in seven months. The survey also showed that inflation expectations remain largely unchanged, suggesting that the decreased consumer...
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Stocks Surge On Healthy Earnings Season, Rising Jobless Claims: This Week In The Markets
Friday, May 10, 2024 - 4:09pm | 631It's been a quiet week in the markets, marked by a dearth of major economic news and a consistent flow of positive indicators from the first-quarter earnings season. As of May 7, 424 companies in the S&P 500 have disclosed their earnings, with 78% surpassing earnings expectations and 61%...
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Consumer Sentiment Falls In May, Inflation Expectations Strongly Exceed Fed's 2% Goal: 'They Now Perceive Negative Developments'
Friday, May 10, 2024 - 10:25am | 479The latest University of Michigan report shows a troubling drop in U.S. consumer confidence, signaling potential weakness in household finances alongside a worrying increase in consumer inflation expectations. “Consumer sentiment retreated about 13% this May following three consecutive months...
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US Consumer Sentiment Tops Estimates In January, Hits Highest Level Since July 2021: Friday's Economic Digest
Friday, January 19, 2024 - 11:57am | 692U.S. consumer confidence in January continues to exceed even the most optimistic expectations among analysts, reaching its highest levels in two and a half years, a testament to the robust resilience of household demand. Meanwhile, existing home sales for December fell slightly below expectations,...
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US Consumer Sentiment Drops In September, Inflation Expectations Fall Sharply
Friday, September 15, 2023 - 10:16am | 315Consumer confidence in the United States experienced a setback in September, as the recent surge in inflation data for August, which exceeded expectations, dampened the previously positive household morale. Preliminary estimates from the University of Michigan reveal that consumer sentiment fell...
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'Further Gains Ahead': Stock Market Update For The Week Ahead
Sunday, October 25, 2020 - 6:37pm | 1751The Past Week, In A Nutshell What Happened: Last week ended negative alongside mixed messaging on stimulus. Remember This: “Markets have come a long way since the March lows, but we believe there may be more room for stocks to run,” said Jeff Buchbinder, Equity Strategist for LPL...
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'Room For Disappointment': Stock Market Update For The Week Ahead
Monday, September 14, 2020 - 7:10am | 2287The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness in the technology sector. Remember This: “While valuations have hinted to overstretched markets in the past, it’s tough to say where stocks should be trading right now. We just witnessed the...
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Benzinga Market Primer: Friday, May 31
Friday, May 31, 2013 - 6:36am | 940Futures Lower On Weak European Economic Data U.S. equity futures lower in early pre-market trade on a batch of weak economic data out of the eurozone. Although most of the weakness in the data points was expected, the data, including unemployment statistics and German retail sales, pointed to a...