After reporting a sharp pullback in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing confidence rebounded by much more than anticipated in the month of July.
The Conference Board said its consumer confidence index surged up to 135.7 in July after tumbling to a revised 124.3 in June. Economists had expected the index to climb to 125.0 from the 121.5 originally reported for the previous month.
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