U.S. consumer confidence falls for the fourth month in a row on labor-market worries

The numbers: Consumer confidence fell in November for the fourth month in a row as Americans expressed more worries about the U.S. labor market, but they remained generally upbeat about the economy heading into the holiday season.

What happened: American were a bit less optimistic about the state of the economy right now, but they expect it to improve a bit in the months ahead. “Overall, confidence levels are still high and should support solid spending during this holiday season,” said Lynn Franco, director of economic indicators at the privately run Conference Board.

Businesses are less confident largely because of a trade war with China that’s dented exports, raised costs and cut into profits. The U.S. and China are striving to strike a “phase-one” agreement, but companies are unlikely to boost spending and investment until trade tensions ease.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Best Buy earnings, housing data, consumer confidence: Three things to watch for in the markets TuesdayBest Buy earnings, housing, consumer confidence: Three things to watch for in the markets Tuesday
Source: CNBC - 🏆 12. / 72 Read more »

Stocks Are Finally Diverging After Trading in TandemAfter months of frequently trading together, shares of big U.S. companies have begun to diverge, more often rising or falling on fundamentals or company-specific news.
Source: WSJ - 🏆 98. / 63 Read more »