CONSUMER CONFIDENCE BOUNCES BACK IN MAY

NEW YORK -- Consumer confidence snapped back nearly 6 points in May, following a sharp decline in April, as consumers became increasingly optimistic about the economy and job prospects.The Conference Board's Consumer Conference Index, a leading indicator of consumer sentiment toward spending, rose to a better-than-expected 115.5 in May from a revised 109.9 in April.While soaring energy prices and

NEW YORK -- Consumer confidence snapped back nearly 6 points in May, following a sharp decline in April, as consumers became increasingly optimistic about the economy and job prospects.

The Conference Board's Consumer Conference Index, a leading indicator of consumer sentiment toward spending, rose to a better-than-expected 115.5 in May from a revised 109.9 in April.

While soaring energy prices and a wave of corporate layoffs stunted confidence, the latest findings indicate co

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