U.S. home prices, consumer confidence fall sharply
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U.S. consumer confidence fell more sharply than expected in September while the pace of existing home sales slowed in August, according to reports on Tuesday, supporting the view the Federal Reserve would soon cut benchmark interest rates again.
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Stocks fell sharply on Tuesday after Merrill Lynch cut its rating on three investment banks, while housing and consumer confidence data added to concerns about the economy's health.
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Consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data on Wednesday showed, underlining concerns about the country's economic outlook.
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NEW YORK - Stocks were narrowly mixed in light trading Tuesday as disappointing consumer confidence figures overshadowed another slide in oil prices.    The plunge in the Conference Board's consumer confidence index, which fell to 98.2 in August from 105.7 in July, raised concerns on Wall Street that oil prices, while now falling, have already damaged the economic recovery...
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NEW YORK - Consumer confidence, which had been on the rise since April, declined unexpectedly sharply in August, a private research group said Tuesday.    The Consumer Confidence Index dropped 7.5 points to 98.2 from a revised reading of 105.7 in July, according to a report from The Conference Board...
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NEW YORK, Jan. 4 -- U.S. stocks tumbled Friday after a feeble employment report heightened concerns about the outlook for a pillar of the economy -- the American consumer.
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U.S. stock indexes tumbled more than 2 percent on Tuesday after Merrill Lynch warned that ailing credit markets will hurt bank profits, while reports showing eroding consumer confidence and falling home prices added to concerns about the economy.
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U.S. home sales and prices will fall  further in 2007 than earlier expected, the leading realty trade  association predicted on Wednesday.
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Sales of new U.S. homes tumbled at  the sharpest rate in more than a decade in November, the  government said on Thursday, but a separate report showed   consumers' mood still buoyant as a close to 2004 neared.
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WASHINGTON - Consumer prices posted a rare decline in August while the battered housing industry saw construction fall to the slowest pace in 12 years.
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NEW YORK - A disappointing reading of consumer confidence overshadowed another slide in oil prices Tuesday, sending stocks lower in light trading.    The plunge in the Conference Board's consumer confidence index, which fell to 98.2 in August from 105.7 in July, raised concerns on Wall Street that oil prices, while now falling, have already damaged the economic recovery...
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November sales of new US homes fall much more than analysts expected, raising concerns about the economy.
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The Dow and the S&P 500 slipped on Tuesday, after a report showed consumer confidence fell to a 2-year low, and with investors jittery a day ahead of a Federal Reserve interest-rate decision.
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U.S. consumer sentiment fell more  sharply in early October than analysts had expected, according  to a survey released on Friday.
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U.S. stocks fell sharply on Thursday as worries about mortgage delinquencies hurt bank shares and a warning from home builder Toll Brothers Inc.  underscored weakness in the housing market.
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US consumer confidence fell more than forecast in February hit by fuel prices and job concerns, figures show.
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Consumer confidence fell unexpectedly sharply in September to its lowest in nearly two years on growing concerns about jobs and financial market turmoil, a survey showed on Tuesday.