By Steve Goldstein, MarketWatch
WASHINGTON (MarketWatch) — Continuing a string of better-than-forecast economic indicators, a gauge of U.S. consumer sentiment edged up in November, according to a report released Friday.
The preliminary Reuters/University of Michigan gauge of consumer sentiment edged up to 69.3 from a reading of 67.7 in October.
Economists polled by MarketWatch had expected a November reading of 69.0.
Nonetheless, the gauge is still well below June’s reading of 76.0, and pre-recession levels above 80.
U.S. stocks moved off their early lows following the report’s release, but benchmarks such as the S&P 500 Index (SPX 1,207, -6.25, -0.52%) remained in the red, carrying over from Thursday’s losses on Wall Street. See more on the trading early Friday in U.S. stocks.
