Consumer confidence drops

NEW YORK (AP) -- Consumer confidence is slipping.

That's the word from the Conference Board. The business research group says its index has dropped to the lowest level in two years. The gauge dipped nearly four points to 95.6.

Amid rising oil prices and a faltering housing market, the decline doesn't bode well for retailers, who were already prepared for a lackluster holiday shopping season.

The Conference Board's Lynn Franco says the report may be an indication of a "less than stellar ending to this year."


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