Stock Market Update
23-Oct-26 10:25 ET
University of Michigan Consumer Sentiment Index for October
Dow -761.48
at 52106.71,
Nasdaq -43.88
at 25985.42,
S&P -45.02
at 7618.48
[BRIEFING.COM] The major averages continue to move lower this morning, with the S&P 500 (-0.5%), Nasdaq Composite (-0.1%), and DJIA (-1.4%) all trading in negative territory.
The final reading for the University of Michigan Consumer Sentiment Index for October increased to 48.0 (Briefing.com consensus: 46.3) from the preliminary reading of 46.3. The final reading for September was 48.1. In the same period a year ago, the index stood at 53.6.
The key takeaway from the report is that consumers remain concerned about higher prices reducing their purchasing power.
