On Thursday, US stock indices saw mixed results. Despite the strong consumer confidence in the country, with the Michigan confidence index scoring 79.4 in March, surpassing economists’ estimates, the S&P 500 index was up only 0.03 percent after the start of trading. On the other hand, the Nasdaq Composite was down 0.05 percent and the Dow Jones was down 0.08 percent.
Investor confidence has also improved, with half of respondents in a recent survey expressing optimism about the stock market’s development over the next six months. However, pending housing transactions in February increased by only 1.6 percent compared to January, which was below expectations. The Chicago purchasing managers’ index fell below expectations in March, scoring 41.4.
Looking ahead, there are positive indicators for US consumer and investor confidence as well as signs of growth in the housing market. As such, it is important to monitor these developments closely and make informed investment decisions accordingly.
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