Bloomberg News

U.S. Stocks Extend Losses After Consumer Sentiment Falls

April 13, 2012

U.S. stocks extended losses as confidence among U.S. consumers unexpectedly fell in April.

The Standard & Poor’s 500 Index decreased 0.6 percent to 1,378.98 at 10:03 a.m. New York time.

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment for April fell to 75.7 from 76.2 at the end of last month. Economists projected a reading of 76.2, according to the median estimate in a Bloomberg News survey.

U.S. stocks fell earlier as China reported slower-than- expected economic growth and the cost of insuring against a Spanish default approached a record.

To contact the editor responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus