After reporting a sharp increase in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing that its consumer confidence index pulled back by more than expected in the month of February.
The Conference Board said its consumer confidence index tumbled to 96.4 in February from an upwardly revised 103.8 in January.
Economists had expected the index to drop to a reading of 99.1 from the 102.9 originally reported for the previous month.
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