Wall Street stocks rose on Tuesday as the FTSE 100 (^FTSE) and European stocks were in the red. It came as US consumer confidence dropped in June, according to the latest survey.
The Conference Board’s Index dipped to 100.4 this month, down from 101.3 in May. Economists had expected it would fall more, to exactly 100.
The decline was due to a deteriorating short-term outlook for income, business and conditions in the jobs market.
Dana M. Peterson, chief economist at The Conference Board, said: “Confidence pulled back in June but remained within the same narrow range that’s held throughout the past two years, as strength in current labour market views continued to outweigh concerns about the future.
“However, if material weaknesses in the labour…
