Private research group says consumer confidence retreats in September amid job worriesSeptember 30th, 2009 Consumer confidence unexpectedly falls in Sept.NEW YORK — Cconsumers' confidence in the economy falls in September as Americans' worries about job security offset any enthusiasm about the rally in the stock market. The Conference Board says that the Consumer Confidence Index now stands at 53.1, down from the revised 54.5 reading in August.
Stock futures point to a lower open as investors await housing, consumer dataSeptember 30th, 2009 Stock futures retreat ahead housing, consumer dataThe stock market headed for a modestly lower open Tuesday as investors await the latest reading on consumer confidence. Stock futures fell slightly, a pullback to be expected after the market shot higher Monday and propelled the Dow Jones industrials up more than 120 points.
Analyst upgrades MasterCard on improving economy, says consumer spending unlikely to get worseSeptember 9th, 2009 Analyst upgrades MasterCard on improving economyNEW YORK — A Citi Investment Research analyst upgraded MasterCard Inc. Wednesday, writing in a note to investors that a negative adjustment in consumer spending is largely over.
Investors continue push into safe-haven assets as unemployment fans worries about the economySeptember 2nd, 2009 Treasury prices rise on worries about unemploymentNEW YORK — Treasury prices rose Wednesday, supported by concerns over unemployment and the strength of the economy's recovery. The gains came as stocks slipped the day after a big slide.
Dollar climbs against major currencies on growing concerns about the banking industry, economySeptember 1st, 2009 Dollar climbs on growing worries about the economyNEW YORK — The dollar advanced against major currencies Tuesday as growing worries about the banking industry and the overall economy drove investors to the safe-haven currency. The 16-nation euro fell to $1.4213 from $1.4329 it bought late Monday, while the British pound slipped to $1.6161 from $1.6266.
Dollar rises against euro, pound as flat personal incomes raise doubts about economic recoveryAugust 28th, 2009 Dollar rises on concerns about economic recoveryNEW YORK — The dollar edged higher against the euro and the pound Friday after a report showing flat household incomes raised doubts about an economic recovery, driving investors into the relative safety of the currency. The 16-nation euro fell to $1.4287 in late trading Friday from $1.4371, while the British pound bought $1.6269, compared with $1.6285 late Thursday.
US stock futures plunge on concerns of consumer spending; overseas markets also slideAugust 17th, 2009 Stock futures point to plunge on Wall StreetStocks looked to plunge at the opening of trading Monday and Treasury prices soared as investors around the world feared that consumers are too anxious to help lift the economy into recovery. U.S. stock futures fell sharply after overseas markets extended the heavy selling that began on Wall Street Friday.
Asian stocks tumble as US consumer fears eclipse Japanese growth; Tokyo slides nearly 3 pctAugust 17th, 2009 Asian stocks tumble amid worries about US consumerHONG KONG — Asian stocks fell sharply Monday as signs of weak U.S. consumer confidence aggravated doubts in the recovery's strength, overshadowing news that Japan's economy climbed out of its recession last quarter.
Worries about consumer spending drive investors to the haven of the US dollarAugust 14th, 2009 Dollar advances on consumer spending worriesNEW YORK — The dollar advanced Friday as worries about consumers' continuing reluctance to spend drove investors to the relative safety of the safe-harbor currency and government bonds. The Reuters/University of Michigan index of consumer sentiment fell significantly short of expectations for the first part of August, a sign consumers may well keep cutting back their spending as they worry about losing their jobs.
Weak dollar, improving data on housing, consumer spending send commodity prices higherAugust 4th, 2009 Weak dollar, upbeat data support commoditiesNEW YORK — A weak dollar and more upbeat data on the economy is making a strong case for buying precious and industrial metals. Commodity prices are higher for a fourth day in a row as the National Association of Realtors says pending home sales rose in June by more than analysts had expected.
Dollar climbs as investors move to havens on earnings jitters, worries about economyJuly 10th, 2009 Dollar trades higher on earnings jittersNEW YORK — The dollar climbed Friday as the second-quarter earnings season kicks off and investors continued to move into the safety of the American currency. The 16-nation euro fell to $1.3947 from $1.4036 late Thursday in New York, while the British pound slid to $1.6192 from $1.6357.
Long-term Treasurys slip ahead of auctions; Demand for safety helps lift short-duration notesJuly 6th, 2009 Treasurys trade mixed as investors seek safetyNEW YORK — Treasury prices traded mixed Monday as investors worried about how fast the economy might recover and looked for safety. Short-term Treasuries rose but investors held off buying longer-term debt ahead of government auctions this week for 10- and 30-year Treasurys.
Dollar falls against major currencies as personal spending rises, but so does savingsJune 26th, 2009 Dollar lower as personal spending, savings riseNEW YORK — The dollar was lower Friday after data showed that personal spending, incomes and savings all rose in May, suggesting consumers are being extremely careful with their money. The 16-nation euro bought $1.4077 in afternoon New York trading, up from the $1.3987 it bought late Thursday, while the British pound jumped to $1.6531 from $1.6369.
Dollar continues its plunge to multimonth lows against euro, pound on positive economic dataJune 1st, 2009 Dollar continues plunge against euro, poundNEW YORK — The dollar continued its plunge to multimonth lows against the euro and the pound Monday as better-than-expected readings on manufacturing, consumer spending and construction spending drove investors to riskier assets. The economic data suggested the economy's decline is moderating, but did not yet show a rebound.
Stocks fluctuate in narrow range as consumer confidence blows past analyst forecasts in AprilApril 28th, 2009 Jump in consumer confidence gives boost to stocksNEW YORK — Investors are setting aside some of their worries about the economy as a closely watched measure of consumer confidence soars in April. Stocks had been lower on worries about fallout from the swine flu and banks that may need to raise capital following government "stress tests."
But a midmorning report showing a surge in consumer confidence tempered those concerns.
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