FinancialsConsumer confidence rises, but housing market remains flat
Consumer confidence in the U.S. increased in November, rising to its highest level in five months, according to a report by Bloomberg. The Conference Board’s sentiment index rose to 54.1, exceeding estimates by a Bloomberg survey of economists that it would increase to 53. The Institute for Supply Management-Chicago Inc.’s business gauge rose to it highest since April, indicating that business activity also is increasing.