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Thursday, August 7, 2014

Consumer comfort drops as views on U.S. economy, finances sour

Confidence among U.S. consumers fell last week to a two-month low as gyrations in the stock market and stagnant wages overshadowed gains in employment.

The Bloomberg Consumer Comfort Index was at 36.2 in the period ended Aug. 3, the lowest level since June 8 and little changed from 36.3 the prior period. Gauges of households' finances and the state of the economy also retreated to the lowest levels in two months.

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