While you were sleeping: US consumer confidence drops

Tue, 30 Sep 2014

By Margreet Dietz Oct. 1 (BusinessDesk) - Wall Street slid after a report showed a surprise decline in US consumer confidence, while other data showed disappointing home prices and business conditions in the Midwest. The Conference Board’s index of consumer attitudes dropped to 86.0 in September, down from an upwardly revised 93.4 in August. "We're continuing to effectively struggle," Mike Englund, chief economist at Action Economics in Boulder, Colorado, told Reuters. "Some of the optimism that we got in the updraft in consumer confid...

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