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Consumer Confidence in U.S. Declines to a Five-Month Low

Confidence among U.S. consumers dropped in June for a fourth consecutive month as mounting concern over jobs and incomes dimmed the outlook for spending.

The Conference Board’s sentiment index fell to 62, a five-month low, from a revised 64.4 in May, figures from the New York-based private research group showed today. Another report showed home prices were stabilizing.