Consumer Confidence Rockets Higher To 54.1

Headline Number: 54.1, for November

Expectations: 52

Analysis: Positive consumer spending data over the past few weeks indicated that Consumer Confidence would head higher. Deutsche Bank predicted a surge, to 55, based on positive consumption data and upward revisions to September’s data.

In October, the number was 49.9.

Stocks have bounced off their lows post Consumer Confidence data.

  • DOW down 0.42%
  • NASDAQ down 0.82%
  • S&P 500 down 0.57%

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