Consumer sentiment rises in March

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News, Business

4.5 • 1.4K Ratings

🗓️ 28 March 2024

⏱️ 1 minutes

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Summary

Stocks close mixed; people less anxious about inflation; pending home sales rise; initial unemployment claims fall.

Transcript

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0:00.0	This is the Marketplace Minute.
0:03.3	I'm Justin Ho.
0:04.8	Stocks didn't do a whole lot on Thursday.
0:07.2	The Dow and the S&P rose a tenth of our percent, and the NASDAQ fell a tenth of our percent.
0:12.7	Consumers surveyed by the University of Michigan this month were more confident about the
0:16.6	economy than in February.
0:18.6	More people think inflation will continue to come down, and as a result people felt better about their personal financial
0:23.9	situations.
0:24.9	The University of Michigan's Consumer Sentiment Index is up almost 30% over the past year.
0:30.8	The number of pending home sales rose more than 1.5% in February from the month before.
0:35.6	That's according to the National Association of Realtors.
0:38.2	Pending transactions were up in the South and the Midwest, but down in the West and the Northeast.
0:44.0	And the number of people signing up for unemployment benefits fell last week to 210,000.
0:49.0	That's according to the Labor Department, the number of continuing claims went up.
0:53.6	I'm Justin Ho, with the Marketplace Minute. You're going to.

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