March 27 (Bloomberg) -- Confidence among U.S. consumers slid this month from a five-year high as fuel prices rose and concern about home foreclosures spread.
The New York-based Conference Board's index of consumer confidence fell to 107.2 from 111.2 in February. The index averaged 105.9 in 2006.
The report also showed more Americans said jobs were plentiful than at any time in more than five years. Increasing pay may shield consumers from the brunt of the housing slump, helping to maintain spending and preserve the economic expansion.
NDX is holding up pretty well, so there seems to be no panic on the numbers, at least for now. Watch NQ 1819.25 resistance and 1812 support. A lot will depend on oil prices. QM is holding up above 62.
The New York-based Conference Board's index of consumer confidence fell to 107.2 from 111.2 in February. The index averaged 105.9 in 2006.
The report also showed more Americans said jobs were plentiful than at any time in more than five years. Increasing pay may shield consumers from the brunt of the housing slump, helping to maintain spending and preserve the economic expansion.
NDX is holding up pretty well, so there seems to be no panic on the numbers, at least for now. Watch NQ 1819.25 resistance and 1812 support. A lot will depend on oil prices. QM is holding up above 62.
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