US consumer confidence plunges in February on worries about business conditions, jobs

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Consumer confidence plunged in February as Americans worried about less-favorable business conditions and job prospects, a business-backed research group said Tuesday. The Conference Board said its Consumer Confidence Index fell to 75.0 this month from a revised 87.3 in January. The reading was the lowest since the index registered 64.8 in February 2003, just before the U.S. invaded Iraq.

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