financetom
Market
financetom
/
Market
/
US consumer confidence rises further in November
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US consumer confidence rises further in November
Nov 26, 2024 7:47 AM

WASHINGTON (Reuters) - U.S. consumer confidence improved further in November amid growing optimism over the labor market and a stock market rally.

The Conference Board said on Tuesday its consumer confidence index increased to 111.7 this month from an upwardly revised 109.6 in October. Economists polled by Reuters had forecast the index advancing to 111.3 from the previously reported 108.7.

"November's increase was mainly driven by more positive consumer assessments of the present situation, particularly regarding the labor market," said Dana Peterson, the chief economist at the Conference Board.

"Compared to October, consumers were also substantially more optimistic about future job availability, which reached its highest level in almost three years."

(Reporting by Lucia Mutikani)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TREASURIES-US yields rise as tariffs spur inflation fears
TREASURIES-US yields rise as tariffs spur inflation fears
Mar 14, 2025
March 14 (Reuters) - U.S. Treasury yields rose on Friday on concerns over the potentially inflationary impact of tariffs as trade wars between the U.S. and its trading partners escalate, while a stock market recovery reduced safe-haven demand for U.S. government debt. Market participants are grappling with uncertainty over how many of President Donald Trump's tariffs are going to be...
TSX up 308 Points at Midday With Most Sectors Higher
TSX up 308 Points at Midday With Most Sectors Higher
Mar 14, 2025
12:11 PM EDT, 03/14/2025 (MT Newswires) -- The Toronto Stock Exchange is up 308 points at midday, with most sectors higher. The biggest gainers are miners and technology, both up 2.4%. Telecoms, down 1%, is the sole negative. Oil prices rose early on Friday as Russia appeared to reject a U.S.-backed ceasefire in Ukraine, reducing the chance for the lifting...
US STOCKS-Wall St climbs after string of sharp losses as investors weigh tariff impact
US STOCKS-Wall St climbs after string of sharp losses as investors weigh tariff impact
Mar 14, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Indexes up: Dow 0.59%, S&P 500 0.90%, Nasdaq 1.21% * Consumer sentiment stands at 57.9 in March * Tesla up on report it is planning lower-cost Model Y in Shanghai * Bullion miners up as gold prices cross...
Top Midday Stories: PepsiCo Looks to Buy Poppi; Danish Pension Fund Excludes Tesla; BP's Gas Leak Stopped; Trump-Putin Ukraine Talks
Top Midday Stories: PepsiCo Looks to Buy Poppi; Danish Pension Fund Excludes Tesla; BP's Gas Leak Stopped; Trump-Putin Ukraine Talks
Mar 14, 2025
11:47 AM EDT, 03/14/2025 (MT Newswires) -- All three major US stock indexes were trending higher around midday Friday, with the Nasdaq Composite leading the way, amid increasing expectations that US legislators will devise a stopgap funding measure to prevent a government shutdown. In economic news, the University of Michigan's preliminary consumer sentiment index fell to 57.9 in March from...
Copyright 2023-2025 - www.financetom.com All Rights Reserved