Economic Databank
Put Little Stock in Consumer-Confidence Drop
Besides, reports on consumers have been contradictory. According to the Reuters/University of Michigan final index released Friday, confidence among Americans in September rose to the highest level since January 2008.
Anyway, telling periods for consumer confidence will be October and November, the beginning of the holiday shopping season. Companies including Best Buy(BBY), Wal-Mart(WMT) and RadioShack(RSH) are counting on cheaper gadgets and electronics to lure customers. An improvement in consumer confidence next month and November will mean much more for the economy. A decrease is never a positive thing. However, September's drop is nothing to get worked up about. -- Reported by David MacDougall in Boston.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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