Stocks Bounce Off Their Lows After Bad Consumer Confidence Report

stock market

Photo: Google Finance

Stocks fell and immediately after two economic data points signaled slowing in the U.S. economy.Most notablly consumer confidence fell and missed economists’ expectations by a big margin.  The August measure fell to 60.6 from 65.4 in July.

Economists were looking for a reading of 65.8.

The Dow fell 30 points on the news.

However, the resilient markets are now up.

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