Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

U.S. Stocks Trim Loss on Consumer Confidence, Manufacturing Data

U.S. stocks pared losses after data on consumer confidence and manufacturing topped forecasts, easing concern about the economy as $85 billion in federal budget cuts were set to begin.

The Standard & Poor’s 500 Index was down 0.3 percent at 1,510.01 at 10:13 a.m. in New York after dropping as much as 0.9 percent.

The Reuters/University of Michigan index of consumer sentiment increased to 77.6 in February, topping the median estimate for a reading of 76.3.

The Institute for Supply Management’s factory index rose to 54.2 in February from 53.1 a month earlier, the Tempe, Arizona-based group said today.

Economists projected the gauge would ease to 52.5, according to the median forecast in a Bloomberg survey. A reading greater than 50 signals expansion. Estimates from the 81 economists surveyed ranged from 50.5 to 54. The gauge averaged 51.7 in 2012 and 55.2 in 2011.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.