Elevated fuel prices and limited wage gains are weighing on Americans’ moods and squeezing their pocketbooks.
U.S. stocks advanced, halting a five-day slide for the Standard & Poor’s 500 Index, as investors weighed better-than-forecast jobs growth to gauge the strength of the economy and timing of Federal Reserve stimulus cuts.
Positive U.S. labor, durable goods and confidence gives global lift before American holiday
Confidence among U.S. consumers unexpectedly increased in August as Americans grew more optimistic about the prospects for the world’s largest economy.
U.S. stocks fell, with the Dow Jones Industrial Average on track for its longest slump in 13 months, as investors weighed minutes of the Federal Reserve’s July meeting that showed officials support reducing stimulus this year if the economy improves.
The economy expanded at a “modest to moderate” pace in 11 of 12 Federal Reserve districts, with broad-based gains ranging from business services to construction and manufacturing, the central bank said today.
Wal-Mart Stores Inc., the world’s largest retailer, forecast second-quarter profit that was less than analysts estimated as consumers struggle amid the slow U.S. economy and higher taxes.
Stocks rallied, sending the Dow Jones Industrial Average to the highest since October 2007, as Italy sold debt amid political turmoil and U.S. data bolstered confidence in the world’s largest economy.
Confidence among American households unexpectedly fell to a one-year low in January, as higher payroll taxes create a risk that the biggest part of the economy will slow in early 2013.
The cost of living was little changed in December, capping the third-smallest annual gain in the past decade, indicating U.S. inflation remains at bay.