[BRIEFING.COM] The S&P 500 (+0.5%), Nasdaq Composite (+1.0%), and DJIA (+0.3%) are improving from their opening gains as semiconductor names continue to move higher this morning.
The Conference Board's Consumer Confidence Index increased to 91.2 in June (Briefing.com consensus 94.2) from a revised 90.6 (from 93.1) in May. In the same period a year ago, the index stood at 95.2.
The key takeaway from the report is that the June increase followed a downward revision to May's reading, so there is some persistent caution in confidence as the expectations index remains below a level that has traditionally signaled an upcoming recession.