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AccessMyLibrary    Browse    D    Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)    MAR-01    Rise in Consumer Confidence Causes Stock Market to Surge.

Rise in Consumer Confidence Causes Stock Market to Surge.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 28-MAR-01
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COPYRIGHT 2001 Daily News

Byline: Judith Schoolman

Mar. 28--A surprise boost in consumer confidence sent Wall Street on a buying spree yesterday, indicating that at least some investors think the markets have already bottomed out.

"Maybe consumers are not as pessimistic as we thought a few months ago. Spending will hold up better and the outlook is not as grim," said Richard Rippe, chief economist at Prudential Securities.

The Dow Jones industrial average...

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