(Reuters) - Consumers in July thought that there was a 64 percent chance that a diversified stock fund would increase in value, up from 54 percent a year ago and a low of 41 percent in early 2003, according to the Reuters/University of Michigan Surveys of Consumers.
Consumers were more likely to expect gains in stock prices than at any time since 2002, with the early July reading setting a five-year peak. The meltdown from the 1990s craze in Internet stocks hit bottom in October 2002.
Read more at Reuters.com Business News
Consumers were more likely to expect gains in stock prices than at any time since 2002, with the early July reading setting a five-year peak. The meltdown from the 1990s craze in Internet stocks hit bottom in October 2002.
Read more at Reuters.com Business News
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