02:18 PM EST, 01/28/2025 (MT Newswires) -- The Conference Board's Consumer Confidence Index fell to 104.1 in January from a 109.5 reading in December due to declines in both the present situation and expectations readings.

The Conference Board noted more pessimism about current business and labor market conditions and less optimism about future conditions.

The FHFA home price index posted a 0.3% gain in November after a larger 0.5% increase in October, as expected. The index was 4.2% higher than a year ago.

Released at the same time, S&P Case-Shiller reported a 0.1% November home prices decline after a 0.2% drop in October. The index was up 3.8% year over year, above the 3.6% rate in the previous month.

The Dallas Federal Reserve's services index reading fell to 7.4 in January from 10.8 in December, while the Richmond Fed's services reading declined to 4 from 23.

The Richmond Fed's manufacturing index improved to minus 4 in January from minus 10 in December.

Durable goods new orders fell by 2.2% in December, while shipments rose by 0.9%. Excluding transportation, new orders were up 0.3%, and shipments rose by 0.1%.

State-level from the Bureau of Labor Statistics showed that the unemployment rate rose in six states in December, fell in two states and held steady elsewhere. The largest gains were in Alabama and Mississippi. South Dakota had the lowest jobless rate in December, while Nevada had the highest.

Redbook reported that US same-store retail sales were up 4.9% year over year in the week ended Jan. 25, faster than a 4.5% gain in the prior week due to continued clearance of winter items, particularly apparel. Sales should be boosted by Super Bowl supplies in the coming weeks, as well as early purchases to avoid possible tariffs.

The Q4 GDPnow estimate from the Atlanta Fed is for a 3.2% gain, revised up from a 3% gain reported on Jan. 17. The next update is scheduled for Wednesday.