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Consumer confidence up in April from year low

from Reuters via ABC News

U.S. consumer confidence rebounded in April after hitting in March its lowest level in a year, boosted by stock market gains and modest job market improvement, a research group said. Investor's Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index rose to 48.4 in April from March's reading of 45.4. Readings above 50 indicate optimism, while those below 50 point to pessimism. more

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