Consumer confidence unexpectedly plunges

Consumer confidence unexpectedly plunged.
The latest reading on consumer confidence from The Conference Board fell to 92.6 in May.
Economists were expecting the headline index rise to 96.3, according to the Bloomberg consensus.
The previous month saw the index fall more than expected to 94.2.
“Expectations declined further, as consumers remain cautious about the outlook for business and labor market conditions. Thus, they continue to expect little change