Consumer Confidence Index dipped more than estimated. Consumers appear to be getting pessimistic about the direction of conditions related to employment, business etc. It seems as if more consumers are fearing recession (as of now and remains to be seen if there will be a recession). This was perhaps the reason why Dow is in the red right (morning PST) and S&P/Nasdaq are close to little below or above the neutral line. Let's see how the indices finish on this last day of February.
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