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May 27, 2026

Stock market hits new highs as 2 of 3 Americans cut back on spending, survey shows

By CHRISTOPHER RUGABER
AP Economics Writer

AP Photo/David Zalubowski [enlarge]
A motorist swipes a credit card at the pump to pay for gasoline at a gas station on Monday in Sheridan, Colo.

WASHINGTON — U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices hovering near record levels.


 
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