Investing.com – Consumer confidence in the U.S. fell unexpectedly in February, industry data showed on Tuesday.
In a report, Investor's Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index slipped to 50.9 in February, down from January's reading of 51.9.
Economists had expected the index to increase to 52.8.
A reading above 50.0 indicates optimism, below 50.0 points to pessimism.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD rising 0.46% to hit 1.3645.
Meanwhile, U.S. equity markets were up. The Dow Jones Industrial Average gained 0.12%, the S&P 500 index added 0.07%, while the Nasdaq Composite index climbed 0.17%.
In a report, Investor's Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index slipped to 50.9 in February, down from January's reading of 51.9.
Economists had expected the index to increase to 52.8.
A reading above 50.0 indicates optimism, below 50.0 points to pessimism.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD rising 0.46% to hit 1.3645.
Meanwhile, U.S. equity markets were up. The Dow Jones Industrial Average gained 0.12%, the S&P 500 index added 0.07%, while the Nasdaq Composite index climbed 0.17%.