U.S. consumer confidence weakened in March as higher gasoline prices and recent turmoil in financial markets made Americans nervous about the future, a report showed Tuesday.A separate report showed U.S. single-family home prices plummeted in January, the first annual decline in home values in more than a decade.
The Conference Board said its consumer confidence index fell to 107.2 in March, from a downwardly revised 111.2 the prior month, with rising gasoline prices and falling stock prices contributing to the slightly more pessimistic mood.
Economists polled by Reuters expected a reading of 108.5.
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