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Drop in U.S. consumer confidence stokes fears of economic slowdown
WASHINGTON (Reuters) - A measure of U.S. consumer confidence posted its sharpest decline in more than three years in December, rattling investors already nervous about the prospect that a global economic slowdown was spilling over into the United States.
In a sign households were growing more worried about the economy, the Conference Board on Thursday said its consumer confidence index fell this month by 8.3 points to a reading of 136.4, the largest one-month drop since July 2015.
Other data released by the Labor Department, however, showed the number of new applications for jobless benefits dipping in the latest week.
U.S. stocks, which enjoyed a huge rally on Wednesday, were trading sharply lower after Thursday's data, with the S&P 500 index .SPX down about 1.8 percent early in the afternoon. Prices of U.S. Treasuries were higher, while the U.S. dollar .DXY was weaker against a basket of currencies.
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https://www.reuters.com/article/us-usa-economy/u-s-jobless-claims-dip-in-sign-of-labor-market-strength-idUSKCN1OQ113?il=0