Power Breakfast: US Consumer Sentiment Plummets To Six-Month Low On Debt Ceiling Debacle

Name: Power Breakfast: US Consumer Sentiment Plummets To Six-Month Low On Debt Ceiling Debacle
Uploaded: 2023-05-15T08:42:01+05:30
Duration: 23 min 17 s
Description: US markets closed flat on Friday. There was weakness seen in Dow and S&P for the second week. 48% of S&P 500 stocks turned negative in 2023. Banking stocks continued to decline. The Consumer Sentiment Index stood at a six-month low of 57.7 as against the estimate of 63. The discussion regarding the US debt ceiling has still not progressed further.

US markets closed flat on Friday. There was weakness seen in Dow and S&P for the second week. 48% of S&P 500 stocks turned negative in 2023. Banking stocks continued to decline. The Consumer Sentiment Index stood at a six-month low of 57.7 as against the estimate of 63. The discussion regarding the US debt ceiling has still not progressed further.

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Written By: Zee Business Video Team

Updated on: May 15, 2023, 10.50 AM IST