Consumer Confidence in Economy, Tech Spending Fell in February, CTA Says

Consumer confidence in the overall economy and in tech spending dipped in February as financial conditions worsened “across a number of metrics,” CTA said in a Tuesday report. Its index of consumer expectations, which measures consumer sentiment about the U.S. economy as a whole, and index of consumer technology expectations, which measures consumer expectations about tech spending, both fell about three points, it said. Consumer sentiments are turning negative, “despite a strong foundation for consumer spending coming from employment gains, wage growth and solid consumer wealth,” CTA said.