While you were sleeping: US consumer less confident

Tue, 25 Nov 2014

By Margreet Dietz Nov. 26 (BusinessDesk) - Wall Street fluctuated, with the Standard & Poor’s 500 Index touching a record high, as a report showing the US economy grew more than initially forecast in the third quarter offset data showing an unexpected drop in American consumer confidence. A Commerce Department report showed third-quarter gross domestic product expanded at a 3.9 percent annual pace, up from a previous estimate of 3.5 percent. "This report will go some way in providing further confirmation about the sustainability of th...

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