US consumer confidence rose in May, boosted by coronavirus relief efforts

The University of Michigan's consumer-sentiment index gained to 73.7 in May from 71.8 in April according to preliminary data released Friday.
The slight increase was boosted by the current economic conditions index, which jumped to 83 in May from 74.3 in April as coronavirus relief helped consumers. 
The index surged "as the CARES relief checks improved consumers' finances and widespread price discounting boosted their buying attitudes," Richard Curtin, Surveys of Consumers chief economist,