U.S. Consumer Sentiment Stumbled in Late June as Virus Spread

U.S. consumer sentiment stumbled in late June from earlier in the month as coronavirus cases started to climb again in various states.

The University of Michigan’s final sentiment index fell to 78.1 from a preliminary reading of 78.9, according to data Friday. Compared with a month earlier, the gauge posted its largest advance since late 2016. The median projection in a Bloomberg survey of economists called for a final June reading of 79.2.