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July 24, 2008 2:08:23 PM CDT

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Stories related to: consumer confidence

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  • June 2008

    • Stocks Dip as Fed Meets

      newser  |  MarketWatch  |  Jun 24, 08 3:46 PM CDT

      Stocks Dip as Fed Meets

      The markets seesawed throughout today's session, closing down slightly as a minor rally in financials offset bad economic news and warnings of a poor quarter for UPS, MarketWatch reports. The Dow fell 34.93 to 11,807.43, Nasdaq dropped 17.46 to 2,368.28, and the S&P 500 lost 3.71 to finish at 1,314.29. More »

      Tags

      stock market  • Federal Reserve  • S&P 500  • consumer confidence  • NASDAQ  • financial stocks  • United Parcel Service Inc.  • Marketwatch

  • May 2008
  • April 2008

    • Consumer Confidence Hits 26-year Low

      newser  |  Reuters  |  Apr 25, 08 10:59 AM CDT

      Consumer Confidence Hits 26-year Low

      Consumer confidence fell to a 26-year low in April, as the public fretted over inflation and housing, Reuters reports. The index fell to 62.6, surpassing the 63.2 analysts had predicted. Nearly 90% said the economy is in recession. Respondents also said they were unlikely to spend their stimulus or tax-rebate checks, planning instead to save them or pay down debt. More »

      Tags

      recession  • inflation  • subprime crisis  • economy  • consumer confidence  • economic indicators

    • Markets Plunge on GE News

      newser  |  Wall Street Journal  |  Apr 11, 08 3:46 PM CDT

      Markets Plunge on GE News

      The markets went into a tailspin today after GE shares declined 13%—the company's worst performance since the 1987 crash, the Wall Street Journal reports. The Dow fell 256.56 points to close at 12,325.42, the Nasdaq dropped 61.46 points to 2,290.24, and the S&P 500 shed 27.72 to settle at 1,332.83. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones Industrial Average  • consumer confidence  • General Electric  • first quarter earnings

    • Consumer Confidence Hits 26-Year Low

      newser  |  Bloomberg  |  Apr 11, 08 11:10 AM CDT

      Consumer Confidence Hits 26-Year Low

      Consumer confidence hasn’t been this low since 1982, according to the Reuters/University of Michigan index, which reported a slide to 63.2 from March’s 69.5. That was lower than even the lowest estimates in a Bloomberg analyst poll. “The consumer’s feeling increasingly hemmed in,” said one economist. “The economy is in a recession.” More »

      Tags

      recession  • economy  • consumer confidence  • job cuts  • economic indicators  • consumer confidence index

  • March 2008

    • Home Prices, Consumer Confidence Nosedive

      newser  |  Bloomberg  |  Mar 25, 08 9:58 AM CDT

      Home Prices, Consumer Confidence Nosedive

      Home prices plummeted again in January, falling a record 10.7% compared to January 2007, according to the bellwether S&P Case/Shiller Hope Price composite. The March consumer confidence index, also out today, plunged to a 5-year low in yet another indication of recession, Bloomberg reports. The Conference Board measures consumer confidence as well as expectations for the next 6 months; that metric fell to a level not seen since the Nixon administration. More »

      Tags

      recession  • housing crisis  • housing  • home prices  • consumer confidence  • home sales  • Case Shiller price index

    • Wall Street Sneezes; Heartland Catches Cold

      newser  |  New York Times  |  Mar 21, 08 11:36 AM CDT

      Wall Street Sneezes; Heartland Catches Cold

      The high-profile economic woes plaguing Wall Street and previously hot housing markets are spreading, raising the possibility of the worst recession Americans have faced in years. The New York Times crisscrosses the country, assembling anecdotal evidence—suddenly thrifty brides, unsold construction equipment, sinking earnings at FedEx—that suggests the slowdown could drag into 2009. More »

      Tags

      recession  • credit crisis  • inflation  • economy  • unemployment  • consumer confidence  • home sales

  • February 2008

    • Consumer Spending Stalls Again

      newser  |  Bloomberg  |  Feb 29, 08 12:03 PM CST

      Consumer Spending Stalls Again

      Consumer spending rose more than expected in January—but only because prices did so as well, Bloomberg reports. Adjusted for inflation, spending remained flat for the second straight month. With fuel costs rising, banks restricting loans, and property values falling, “consumers are clearly hard-pressed to maintain their standard of living and are cutting back,” says an analyst. More »

      Tags

      US economy  • Federal Reserve  • recession  • inflation  • consumer spending  • fuel costs  • consumer confidence  • property values

    • Consumer Sentiment Nosedives

      newser  |  Reuters  |  Feb 15, 08 11:10 AM CST

      Consumer Sentiment Nosedives

      The last time consumers were this pessimistic, the country was in the midst of recession. The consumer confidence index is at a level not seen since February 1992, according to Reuters/University of Michigan numbers out today, and "has only been this low during the recessions of the mid 1970s, the early 1980s and the early 1990s," the survey director said. More »

      Tags

      Federal Reserve  • recession  • New York  • manufacturing  • consumer confidence  • consumer confidence index

  • January 2008

    • Google's 17% Profit Not Good Enough for Markets

      newser  |  Bloomberg  |  Jan 31, 08 4:14 PM CST

      Google's 17% Profit Not Good Enough for Markets

      Google disappointed investors with its after-hours announcement of a 17% rise in net income, signaling to many that credit woes could be hurting Internet use. The climb to $1.21 billion, or $3.79 per share, from $1.03 billion, or $3.29 a share, one year earlier underperformed estimates of a $3.91 share price, Bloomberg reports. The search giant’s shares have already fallen 18% in 2008. More »

      Tags

      Internet  • Google  • consumer confidence  • advertising budgets

    • Consumer, Housing Numbers Slump

      newser  |  Bloomberg  |  Jan 29, 08 11:14 AM CST

      Consumer, Housing Numbers Slump

      Consumer confidence fell a bit less than expected but still approached a 2-year nadir in January, reinforcing fears that Americans will put the brakes on personal spending. In other economic reports out today, the S&P/Case-Shiller housing-price index report showed a 7.7% year-over-year drop for November, Bloomberg reports, and durable good sales saw a better-than-expected rise in December. More »

  • December 2007

    • Retailers Slash Prices to Boost Slumping Season

      newser  |  Bloomberg  |  Dec 23, 07 6:43 PM CST

      Retailers Slash Prices to Boost Slumping Season

      Retailers slashed prices nationwide this weekend in a bid to draw last-minute shoppers and lift a slumping holiday season, Bloomberg reports. Pressed by high gas and food prices, consumers are holding out for zero-hour deals; retailers have obliged with half-off sales and extra hours, counting on the last days before Christmas for 9% of season sales. More »

      Tags

      US economy  • gas prices  • retail sales  • food prices  • retail  • holiday shopping  • consumer confidence  • consumer prices

    • Stocks Even to Close Week

      newser  |  MarketWatch  |  Dec 7, 07 3:50 PM CST

      Stocks Even to Close Week

      The markets ended mostly even today as mixed data and anticipation of next week’s Fed meeting kept investors cautious. Given the suspense over a potential rate cut, “who is going to make a big bet now?” asked one strategist. The Dow closed up 5.69 at 13,625.58, the Nasdaq fell 2.87 to 2,706.16, and the S&P 500 dropped 2.68 to 1,504.66. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • unemployment  • interest rate cut  • consumer confidence

  • November 2007

    • Consumer Confidence Plummets

      newser  |  Bloomberg  |  Nov 27, 07 11:27 AM CST

      Consumer Confidence Plummets

      Consumers were a gloomy group in November, when housing and job woes drove the consumer confidence index down to a level not seen since October 2005, when Hurricane Katrina’s aftermath loomed large. “This is a strong indication that consumer spending growth is going to slow sharply,” one economist tells Bloomberg. More »

      Tags

      unemployment  • consumer confidence  • consumer confidence index

    • Even Fat Wallets Closing

      newser  |  Bloomberg  |  Nov 25, 07 12:34 PM CST

      Even Fat Wallets Closing

      Wealthy consumers, the 20% of the population responsible for nearly 40% of consumer spending, are closing their wallets, indicating an even rougher economic road ahead, reports Bloomberg. “When they begin to capitulate, that’s when we all head down,” said one economist. Blame deflating real estate prices and a sagging stock market for the lowest consumer confidence rating since 2004. More »

      Tags

      US economy  • consumer spending  • consumer confidence

  • October 2007

    • Fed Doubts Drive Stocks Down

      newser  |  Wall Street Journal  |  Oct 30, 07 3:51 PM CDT

      Fed Doubts Drive Stocks Down

      Stocks closed down today as confidence that the Fed will cut interest rates tomorrow faded. The Journal reported that policymakers are considering no cut at all, meaning borrowing costs may stay high. The Dow slipped 77.79 to 13,792.47, the S&P 500 was down 9.96 to 1,531.02, and the Nasdaq fell 0.73 to 2,816.71. More »

      Tags

      stock market  • Federal Reserve  • interest rate  • consumer confidence  • Proctor

    • Consumer Confidence Falls to Post-Katrina Levels

      newser  |  Bloomberg  |  Oct 30, 07 1:10 PM CDT

      Consumer Confidence Falls to Post-Katrina Levels

      Consumer confidence plummeted in September to its lowest reading since October 2005, fueling worries that housing’s downturn could affect consumer spending, which makes up two-thirds of the economy. Home prices, meanwhile, suffered their biggest drop in at least 6 years. “There is really no positive news in today's report,” an economist told Bloomberg. More »

      Tags

      Federal Reserve  • Ben Bernanke  • home prices  • consumer confidence

  • September 2007

    • Stocks Edge Up in Balancing Act

      newser  |  MarketWatch  |  Sep 25, 07 3:44 PM CDT

      Stocks Edge Up in Balancing Act

      Stocks rose slightly today as retail woes were somewhat offset by August home sales that outperformed expectations, MarketWatch reports. Led by Microsoft, which rode the release of “Halo 3” to a 1.5% jump, the Dow climbed 19.59 to 13,778.65. The S&P dipped 0.52 to 1,517.21, and the Nasdaq closed at 2,683.45, up 15.50. More »

      Tags

      Microsoft  • stock market  • S&P 500  • Nasdaq  • Dow Jones  • Wal-Mart  • consumer confidence  • Target  • Home Depot  • Halo 3  • Fed

    • Consumer Confidence Plummets

      newser  |  Reuters  |  Sep 25, 07 1:57 PM CDT

      Consumer Confidence Plummets

      American consumers might need to be talked off some ledges, judging from consumer confidence numbers out today, which indicate continuing worry over employment and stock market unrest. The crucial figure—99.8, compared to 105.6 in August—is the lowest since 2005, the Conference Board says. Economists had expected it to fall, but only to about 104, a Reuters poll showed. More »

      Tags

      recession  • consumer spending  • consumer confidence

    • Stocks in Holding Pattern With All Eyes on Fed

      newser  |  Wall Street Journal  |  Sep 14, 07 4:01 PM CDT

      Stocks in Holding Pattern With All Eyes on Fed

      Stocks marked time today, settling into an eerie calm before next week’s nail-biter Fed decision on interest rates. Investors mulled conflicting consumer data: The University of Michigan/Reuters consumer-sentiment survey announced a rise to 83.8, but August retail growth was less than expected. The confusion amounted to modest gains for the Dow, up 0.13%, and miniscule boosts for the Nasdaq and S&P, each up less than 0.3%. More »

      Tags

      Federal Reserve  • S&P 500  • Nasdaq  • Dow Jones Industrial Average  • stocks  • consumer confidence

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