Consumer Confidence Hits 6-Year High, Climate Change Poses Economic Risk
Stocks continue to back away from their record highs that they hit last Friday. Consumer confidence continues to rise and hit a 6-year high in June. The main factors that led to an increased consumer confidence level were rising stock prices and continual job growth. A bipartisan report was released today suggesting that future climate change poses a huge economic risk in the future. Recently, the harsh winter weather had a large impact on economic growth in the beginning of the year. But the coalition of financial leaders are particularly worried about the rising sea level and extreme heat with will cost billions in property loss on an annual basis, lower labor productivity levels, and threaten human health, among many other things.
Word on the Street
- Consumer confidence achieves a 6-year high.
- New home sales up 18.6% in May.
- 4 stocks hindering S&P 500 from hitting 17,000.
- Climate change pose huge economic risks.
- 3 stocks with a given upside of 50% or more.
- High-risk junk bond yields are at record lows.
- Dean Foods (DF) subpoenaed in insider trading case.
Published on Jun 24, 2014By InvestorGuide Staff