On February 2, 2024, the University of Michigan released final figures from the January Michigan Consumer Confidence Report.。The report showed that it was in line with analysts' expectations of 78.9 compared to 69 in consumer confidence from last December.7 up to 79。

The current economic situation increased from 73 in December last year..3 rose to 81 in January.9, while the consumer expectations index increased from 67.4 to 77.1。

The University of Michigan commented: "Last fall, consumers had reservations about whether the slowdown in inflation would continue, and now they are convinced that inflation will continue to slow.。"

Today, traders also have a chance to look at last December's factory orders report。Factory orders up 0 on month, report shows.2%, in line with analysts。

Dollar index hits new high after consumer confidence report。Right now, the dollar index is trying to stabilize at 103.Above the 85 level。Traders buy dollars amid strong jobs report。Better-than-expected consumer confidence report could further support dollar。

Gold prices steady near 2,030 dollars, traders eye dollar's rise。Rising Treasury yields put extra pressure on gold market。

The S & P 500 recently rebounded to near 4920 after an unsuccessful attempt to break through 4900。Strong economic report adds pressure on S & P 500, traders eye rise in Treasury yields。