Consumer Sentiment Slips, Putting Pressure on Retail Stocks
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U.S. Michigan Consumer Sentiment declined to 52.9, slightly below the previous 53.3 and analyst estimates of 53.4, indicating a mild deterioration in consumer confidence. This softer sentiment may pressure retail stocks and consumer discretionary sectors, while defensive sectors like utilities and consumer staples might gain support. The impact is expected to affect short-term sentiment rather than policy expectations.
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