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EUN index gains despite slump.(Statistics, Trends & Energy Data)
Major markets fell this session, hammered by consumer confidence woes. Job creation worries caused the Consumer Confidence Index to drop to 98.2, far below the 103.5 reading economists had expected, from the 105.7 posted in July. The index had been rising since April, and the August reading was the lowest since May, when it registered 93.1. "The slowdown in job growth has curbed consumers' confidence," said Lynn Franco, director of The Conference Board's Consumer Research Center. "The level of consumer optimism has fallen off and caution has returned. Until the job market and pace of hiring picks up, this cautious attitude will prevail."
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