And The Market Rally Is Gone

stocks

Photo: Google Finance

And like that, it was gone.Earlier today, the stock market rally picked up after the University of Michigan consumer confidence number unexpectedly jumped to 83.1.

Economists were expecting the number to slip to 78.0 from 78.3 last month.

But since then, the markets slowly went into the red.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

markets moneygame-us