Consumer Confidence: Down

From the Associated Press via Yahoo! News: "May consumer confidence falls to near 16-year low," by Anne D'Innocenzio--

Soaring gas prices and weakening job prospects left shoppers gloomier about the economy in May, sending a key barometer of consumer sentiment to its lowest level in almost 16 years.

The New York-based Conference Board said Tuesday that its Consumer Confidence Index dropped to 57.2, down from a revised 62.8 in April. Economists surveyed by Thomson Financial/IFR had expected a reading of 60.

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