Market Report - US

US open: Markets rangebound as consumer confidence drops

By Benjamin Chiou

Date: Friday 16 May 2025

(Sharecast News) - US stock markets opened with marginal gains on Friday as investors refrained from taking on too much risk following the recent rally, with upside limited by a much worse-than-expected reading of consumer confidence.
At 1000 ET, the University of Michigan revealed that the consumer sentiment index unexpectedly fell...

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