Falling oil prices drove a stronger-than-expected rebound in U.S. consumer confidence in July, reaching a five-month high, while the one-year inflation expectation dropped to 4.2%.
The University of Michigan's preliminary consumer sentiment index for July rose to 54.4 from 49.5 in June, above the market expectation of 51. Consumers expect an annual inflation rate of 4.2% over the next year, compared with a prior expectation of 4.4% and…
Price at publishQQQ 699.59 / -0.90%SPY 746.11 / -0.61%Market reaction
1m5m15m30m60mBefore QQQ0.07%0.24%0.10%0.40%0.79%After QQQ0.11%0.03%0.16%0.08%0.35%Before SPY0.02%0.10%0.04%0.06%0.21%After SPY0.04%0.03%0.07%0.05%0.12%