Consumer Sentiment, Lowest
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Overall sentiment notched a 6% decline this month from October, according to the University of Michigan’s preliminary survey of consumers.
US stocks faltered in their rebound bid on Friday, resuming a tech-led sell-off as investors weighed bearish consumer sentiment data and the odds that the AI investment boom will pay off. Markets are also reacting to a bearish reading on consumer sentiment from University of Michigan.
A risk-off week in global markets ended with most of the big stock indices falling on Friday as concerns about the US government shutdown and inflated artificial intelligence company valuations came to the fore.