Stocks Rise After Consumer Confidence Data

By: Associated Press
By: Associated Press

Wall Street is mostly higher, extending its gains into a third session after a private research group said consumer confidence rose unexpectedly in November.

The New York-based Conference Board said its Consumer Confidence Index stands at 44.9, up from a revised 38.8 in October. Last month's reading was the lowest since the research group started tracking the index in 1967. Economists expected the index to slip to 37.9.

However, the business research group says Americans' views on the economy remain the gloomiest in decades.

The Dow Jones industrial average is up 134 points at the 8,577 level. The Standard & Poor's 500 index is also higher, while the Nasdaq composite index is marginally lower.


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