Consumer confidence soars past forecasts; crude higher
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NEW YORK (CBS.MW) -- US stocks were back in rally mode Tuesday, with all three of the major indexes marking fresh 42-month highs on news of a surge in consumer confidence to its best levels since July.
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Consumers are more confident about the state of the US economy than at any time in the past five months, new data suggests.
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The pound rose early afternoon after stronger-than-expected retail sales and consumer confidence surveys this morning offset weak mortgage lending and approvals figures earlier.
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NEW YORK -- Stocks pushed higher Tuesday, lifting the Dow Jones industrials to their high for the year, as investors focused on improved consumer confidence and regional economic figures rather than further evidence of weakness in the housing sector. In midafternoon trading, the Dow rose to its high...
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U.S. stocks climbed on Tuesday as   investors believe the drop in crude oil prices will help   bolster consumer spending and underpin strength in corporate   profits.
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US stocks rose, capping the Standard &amp; Poor&#39;s 500 Index&#39;s best three-week rally in two years, as better-than-expected reports on retail sales and consumer confidence suggested the economy may accelerate.
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U.S. blue-chip stocks rose on Tuesday   after news of a stronger-than-expected jump in consumer   confidence raised investors' hopes for higher retail spending   and corporate profits.
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U.S. stock index futures rallied, pointing to a sharply higher market open on Friday, after data showed consumer prices were unexpectedly flat in November, boosting optimism that economic growth is neither too fast nor too slow.
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U.S. crude oil supplies rose more than   expected last week as imports surged to their second highest on   record, the federal government said on Wednesday.
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U.S. stocks were higher on Wednesday  even as crude oil prices touched a record at over $52 per  barrel, which helped boost energy shares.
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Crude oil prices surged past an unprecedented $55 a barrel before sliding back in overnight trading Monday, amid ongoing uncertainty over production, high demand and tight global supplies.
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U.S. consumer sentiment picked up  above expectations in late August after declining earlier in  the month as oil prices eased from record highs and security  fears abated, according to sources who saw a survey on Friday.
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The price of crude oil surged past $55 a barrel Monday as uncertainty swirled over production, high demand and tight global supplies.
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U.S. stocks rose on Tuesday as gains  in insurance stocks and crude oil prices off recent highs  overshadowed a fall in consumer confidence to a 7-month low.
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A widely watched indicator of consumer confidence unexpectedly rose for the second month in a row in January, hinting that the economy would continue to grow in the first half of 2005, a private research group reported Tuesday.
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US stocks advanced on Friday as a jump in September retail sales boosted investor confidence in the economy, but oil prices at a fresh record of $55 a barrel kept gains in check.
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Confidence among US consumers rose unexpectedly in January, figures show.