While you were sleeping: US data disappoints

Wed, 26 Nov 2014

By Margreet Dietz Nov. 27 (BusinessDesk) - Wall Street seesawed near record highs ahead of the Thanksgiving holiday and as key producers gathered in Vienna for an OPEC meeting that might help determine how much further the price of oil will slide. A report showed US consumer confidence climbed to a seven-year high, as the Thomson Reuters/University of Michigan final index of sentiment rose to 88.8 this month, up from 86.9 in October. That was a welcome indicator following an unexpected drop in the Conference Board’s confidence index, rele...

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