October 13, 2006


Univ. Michigan: Consumer Sentiment Climbs in October (Reuters, October 13, 2006)

U.S. consumer sentiment rose more than expected in October, a preliminary report showed on Friday, as consumers' view of both future and current conditions improved.

The University of Michigan's preliminary reading on consumer sentiment in October was 92.3, up from September's final reading of 85.4, said sources who saw the subscription-only report.

The median forecast of Wall Street economists polled by Reuters was for the index to read 86.5.

The survey's index of current conditions jumped to 106.1 on a preliminary basis in October from 96.6 in September, while consumer expectations climbed to 83.4 from 78.2.

Up 13, Dow Sets Another Record Close (Tim Paradis, 10/13/06, AP)
The Dow Jones industrial average inched to another record close Friday, marking the third straight week of triple-digit increases in the blue chip index.

The Dow spent much of a quiet session Friday in the red following a strong surge Thursday in which it broke through 11,900 for the first time to set closing and trading highs. Thursday's advance came amid optimism over the health of corporate earnings and Friday's gain put the Dow 12,000 benchmark within closer reach.

Posted by Orrin Judd at October 13, 2006 7:18 PM
Comments for this post are closed.