US consumer confidence

The US Conference Board Consumer Confidence Index fell in April 2017. The index was at 120.3 in April compared to 124.9 in March 2017. The April reading was below the market expectations of 122.9.

Why US Consumer Confidence Is an Important Indicator

This index gives information from surveys across the United States (QQQ) (SPX-INDEX) (IVV) about what consumers buy and their sentiments toward products and services.

The index showed a deceleration, which indicates consumers are concerned about the economy. Concern about the business climate, personal income, and labor market conditions increased. Consumers also remained cautious about near-term economic growth. Consumers hope that the decline in the index won’t harm economic growth.

Market participants are increasingly concerned about whether Trump’s policy decisions could impact global trade flows. The slowdowns in various economic indicators such as the inflation index, economic growth, and labor market conditions are increasing consumer concern about the economy (SPXL) (VOO) (IWM).

In the next part of this series, we’ll analyze the performance of the UK’s 1Q17 GDP.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.

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