Stocks sought direction at midday as investors still weighed the effects of the tentative tax-cut extension, which also had an impact on Treasury yields causing them to move higher. This morning, yields on 10-year notes were at their highest level since June.
Meanwhile, 
Discover Financial Services DFS reported U.S. consumer confidence in November rose to its highest level in three years. The index reading of 91.8 was 4.3 points hig her than the October reading, and the gain was the largest month-to-month increase since April. The report said 45% of consumers, however, still think economic conditions are worse, while 31% think conditions are improving.
(good, better than we think)
0 comments:
Post a Comment