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Consumer confidence rebounds in May amid mixed signals
The Conference Board reports its Consumer Confidence Index rose to 102.2 in May from 97.5 in April, reversing a three month decline and hitting the highest since March. Economists note consumer spending significance while Midwest manufacturing cooled as the Chicago PMI fell to 54.1, prompting Wall Street volatility with the Dow slipping 75 points to 10,467.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Conference Board
Lynn Franco
Consumer Research Center
U.S
Midwest
Purchasing Management Association of Chicago
Chicago
Institute of Supply Management
Dow Jones