Consumer Confidence Disappoints

The Conference Board's September consumer confidence reading came in at 86.0, missing expectations.

Expectations were for the report to come in at 92.5, up just slightly from last month's 92.4 reading.

In a note to clients ahead of the report, Ian Shepherdson at Pantheon Macro said he expects that lower gas prices will support the index, and expects a reading of 93.0.

More to come ...