NEW YORK – U.S. consumers have grown more cheerful so far this month as the hotly contested presidential election drew to a close and job prospects seemed to improve, according to a survey released on Friday.
As anxiety over the election subsided, the University of Michigan’s preliminary reading of confidence for November climbed to 95.5 from 91.7 in October, according to market sources who saw the subscription-only report. Economists had forecast a more moderate rise to 93.0.
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