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SPXT - Covid Concerns And Rising Prices Drag Consumer Confidence Down In August
ProShares S&P 500 Ex-Technology
The Consumer Confidence Index from The Conference Board fell in August, dropping 11.3 points to 113.8.
The present-situation component decreased 9.9 points to 147.3, the lowest since April, while the expectations component lost 12.4 points, taking it to 91.4, the lowest since January.
The details of the report suggest that consumers are becoming more concerned about the rising number of Covid cases and, to a lesser extent, rising prices.