The Conference Board's Consumer Confidence Index dropped to 94.2, its lowest reading since April. This decline was driven by a more pessimistic view of both current and future conditions. The Present Situation Index, which assesses current business and labor market conditions, fell by 7.0 points. More critically, the Expectations Index, a gauge of the short-term outlook, also decreased. This index has remained below 80 since February 2025, a level that historically signals a potential recession on the horizon. The weakening confidence reflects consumers' growing concerns about the labor market, which could translate to reduced spending and broader economic slowing. CrowdStrike Tests $412 Support as Options Traders Turn Bullish KO stock price today forecast notes that options market pricing reflects cautious optimism, with calls slightly outpacing puts at $62 strike for next week’s expiry.
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