U.S. Consumer Sentiment Remained Elevated at Beginning of 2020

U.S. consumer sentiment remained elevated in January as record stock prices and a strong job market buoy Americans, suggesting spending will continue its steady gains.

The University of Michigan’s preliminary sentiment index for January edged down to 99.1 from a seven-month high of 99.3 in December, data showed Friday. The gauge of current conditions increased slightly to 115.8 while the expectations index ticked down to 88.3.