Consumer Confidence Hits Six-Month High - Adviser Investments

Consumer Confidence Hits Six-Month High

Adviser Investments Chief Investment Officer Jim Lowell has the market analysis for Wednesday, May 28. Major U.S. indexes declined, with the Dow Jones Industrial Average down 0.9%, the S&P 500 off 0.8% and the NASDAQ Composite falling 0.4%. U.S.-China tariff negotiations continued to dominate headlines with China’s latest threat to limit exports on rare-earth minerals—China currently owns around 80% of the world’s supply of these valuable elements. Closer to home, the Conference Board’s index of consumer sentiment exceeded expectations to hit a six-month high; this elevated reading reflects a well-employed U.S. workforce, rising wages and low mortgage rates.

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