The Conference Board reported that the consumer confidence index fell from an upwardly revised 76.4 in February to 64.5 in March, far short of estimate of a decline to 73.5. Expectations fell from 57.9 to 47.9, which is the lowest level in 35 years. Details from Bloomberg...
The Dow Jones Industrial Average declined 16 points (0.1%) to close at 12,533, the S&P 500 Index rose 3 points (0.2%) to 1,353, and the Nasdaq Composite finished up 14 points (0.6%) to 2,341. Crude oil gained $0.36 to $101.22 per barrel, and gold ended up $20.20 at $938.90 per ounce.
Magnificent Seven Update
