On an otherwise quiet day tomorrow, investors will get the latest read on consumer confidence Tuesday morning. Economists polled by Bloomberg expect consumer confidence in December to have edged up to 128.2, up from 125.5 in November.
Credit Suisse economist James Sweeney expects a more modest rise in consumer confidence. “We expect consumer confidence to rise to 126.5 from 125.5 after four consecutive months of decline. Continued gains in the stock market, stable gasoline prices, and a healthy labor market should boost household optimism. Consumers have been resilient throughout the trade conflict, as confidence has remained high in a tight range for the past year, a stark comparison to the sharp deterioration in business optimism.”
Meanwhile, no earnings announcements are on the calendar for Tuesday.
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Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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