Page 10 - Sam Millette News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Washington, DC (CNN) — Americans felt more pessimistic about the economy in August, following two straight months of growing confidence.

Stocks closed higher on Wall Street as two economic reports suggested the economy is cooling enough for the Federal Reserve to pause hiking interest rates. The S&P 500 rose 1.5% Tuesday, its biggest gain since early June. The Dow rose 292 points and the Nasdaq rose 1.7%. The Conference Board, a business research group, reported that consumer confidence tumbled in August, surprising economists that were expecting levels to hold steady around the strong July reading. Job openings in July fell more than economists expected. Best Buy rose after the consumer electronics retailer beat Wall Stree...

Stocks closed higher on Wall Street as two economic reports suggested the economy is cooling enough for the Federal Reserve to pause hiking interest rates. The S&P 500 rose 1.5% Tuesday, its biggest gain since early June. The Dow rose 292 points and the Nasdaq rose 1.7%. The Conference Board, a business research group, reported that consumer confidence tumbled in August, surprising economists that were expecting levels to hold steady around the strong July reading. Job openings in July fell more than economists expected. Best Buy rose after the consumer electronics retailer beat Wall Stree...

Americans didn't let persistent inflation and lingering worries about a recession cut into summer spending on eating and drinking out.

Sales in the sector jumped 11.8% in July and 9.5% in June from a year ago, according to the Commerce Department.