Associated Press
In this May 6, 2012, photo, shoppers carry their purchases along 33rd Street in New York. Americans' confidence in the economy in May had its biggest drop in eight months as consumers fretted about slow hiring, a big stock market drop and the global economy, according to the Conference Board, a private research group. Consumer confidence is widely watched because consumer spending accounts for 70 percent of economic activity. (AP Photo/CX Matiash)

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