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Markets Fluctuate as Consumer Confidence Hits 12-Year Low

2/3/2026

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Summary

Story summary

The Standard & Poor's 500 (S&P 500) briefly surpassed 7,000 before pulling back, signaling a pause after a brief rally.
U.S. consumer confidence dropped to a 12-year low, even as consumer spending continues to rise.
The Federal Reserve kept interest rates unchanged.
The labor market remains stable.
Japan's equity markets declined amid political uncertainty in Asia.

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Story summary

The Standard & Poor's 500 (S&P 500) briefly surpassed 7,000 before pulling back, signaling a pause after a brief rally.
U.S. consumer confidence dropped to a 12-year low, even as consumer spending continues to rise.
The Federal Reserve kept interest rates unchanged.
The labor market remains stable.
Japan's equity markets declined amid political uncertainty in Asia.