Consumer Confidence
Posted: Tue Mar 29, 2011 11:21 am
My Take: Everyone notices and likes to bitch about gasoline prices. What I think is lost in all of this is that with coal and natural gas prices down, consumers overall fuel bills are flat to lower compared to last year. I know my natural gas and electric bills are much lower this year than last year (at least $100/month) which more than offsets the higher cost of gasoline. - Dan
NEW YORK (AP) -- Stocks edged higher in midday trading after consumer confidence fell less than some analysts had feared.
Home Depot Inc. rose 2.7 percent, the most of the 30 companies in the Dow Jones industrial average. The retailer said it would buy $1 billion of its own stock.
Stocks started lower Tuesday morning after a report showed that home prices fell in 19 of the 20 large U.S. cities tracked by the S&P/Case-Shiller index.
The Conference Board said its confidence index dropped in February, dragged down by higher gas prices. But some economists had expected it to be much worse.
NEW YORK (AP) -- Stocks edged higher in midday trading after consumer confidence fell less than some analysts had feared.
Home Depot Inc. rose 2.7 percent, the most of the 30 companies in the Dow Jones industrial average. The retailer said it would buy $1 billion of its own stock.
Stocks started lower Tuesday morning after a report showed that home prices fell in 19 of the 20 large U.S. cities tracked by the S&P/Case-Shiller index.
The Conference Board said its confidence index dropped in February, dragged down by higher gas prices. But some economists had expected it to be much worse.