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Confidence Data Rescues Stocks from Two-Day Drop

Confidence Data Rescues Stocks from Two-Day Drop (Bloomberg)

After a two-day market skid, stocks rose today, thanks in part to data showing a six-year high in consumer confidence. “Things don’t look spectacular here, but they look OK,” Curtis Holden, a senior investment officer at Tanglewood Wealth Management in Houston, said. “The U.S. economy seemed to have cooled off from the pace it’s on toward the end of last year. There may be a little relief recently that things may be stable here.”

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