Published on 31 May 2024 on Zacks via Yahoo Finance
5 Solid Stocks to Buy on Rebound in Consumer Confidence
Americans regained their confidence in May after three months, although inflation worries persisted. Also, consumers are much more confident about the current business scenario and hopeful about future business conditions.
Consumers’ confidence hit rock bottom over the past three months as concerns grew over higher food, energy and shelter costs. However, it rebounded in May. The Conference Board said on May 28 that the consumer confidence index rose to 102 in May from an upwardly revised 95.7 in the prior month.