Investing.com - Consumer confidence in the U.S. fell unexpectedly in July, industry data showed on Tuesday.
In a report, Investor's Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index fell to 47.1 in July from June’s reading of 49.0.
Economists had expected the index to rise 49.3 this month.
A reading above 50.0 indicates optimism, while those below 50.0 point to pessimism.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.45% to trade at 1.3004.
Meanwhile, U.S. stock markets remained higher. The Dow Jones Industrial Average rose 0.3%, the S&P 500 index added 0.4%, while the Nasdaq Composite index tacked on 0.4%.
In a report, Investor's Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index fell to 47.1 in July from June’s reading of 49.0.
Economists had expected the index to rise 49.3 this month.
A reading above 50.0 indicates optimism, while those below 50.0 point to pessimism.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.45% to trade at 1.3004.
Meanwhile, U.S. stock markets remained higher. The Dow Jones Industrial Average rose 0.3%, the S&P 500 index added 0.4%, while the Nasdaq Composite index tacked on 0.4%.