Stock Market Update
09-Oct-26 10:30 ET
October University of Michigan Consumer Sentiment Index
Dow +157.37
at 51389.22,
Nasdaq +121.55
at 27335.83,
S&P +26.43
at 7791.86
[BRIEFING.COM] The S&P 500 (+0.4%), Nasdaq Composite (+0.5%), and DJIA (+0.4%) are steadily rising to new session highs this morning as participation remains solid across stocks.
The preliminary reading for the University of Michigan Consumer Sentiment Index for October decreased to 46.3 (Briefing.com consensus: 48.1) from the final reading of 48.1 for September. In the same period a year ago, the index stood at 53.6.
The key takeaway from the report is that consumer sentiment continues to deteriorate as the frustrations with the higher cost-of-living increase.
