Dec 30

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Consumer Confidence Hits Record Low

More gloomy news emerged on the U.S. economic front Tuesday as consumer confidence fell to a record low in December and new data showed home prices dropped by the sharpest annual rate on record in October.

U.S. home prices fell in October for the 10th consecutive month, posting their largest monthly drop since early 1991, the widely watched Standard & Poor's/Case-Shiller home price index showed Wednesday.

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