Filed Under:Markets, Gen X Y

Stocks Run Out of Steam on Modest U.S. Data

(AP Photo/David Karp)
(AP Photo/David Karp)

LONDON (AP) — Stock markets ran out of steam Friday after a closely watched U.S. survey of consumer confidence reinforced concerns over the impact of rising oil prices.

In its monthly survey, the University of Michigan said its main index of consumer confidence unexpectedly fell to 74.3 in March from 75.3 in February, in a sign that households may be getting increasingly cautious over the increase in gas prices at the pump.

Copyright 2016 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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