{"id":55727,"date":"2025-11-07T11:08:12","date_gmt":"2025-11-07T15:08:12","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/u-s-consumer-sentiment-plummets-in-november-inflation-expectations-mixed\/55727\/"},"modified":"2025-11-07T11:08:12","modified_gmt":"2025-11-07T15:08:12","slug":"u-s-consumer-sentiment-plummets-in-november-inflation-expectations-mixed","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/u-s-consumer-sentiment-plummets-in-november-inflation-expectations-mixed\/55727\/","title":{"rendered":"U.S. Consumer Sentiment Plummets in November, Inflation Expectations Mixed"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. Michigan Consumer Sentiment<\/strong> sharply declined in November to <strong>50.3<\/strong>, significantly missing both previous readings and analyst expectations, signaling growing consumer pessimism.<\/li>\n<li><strong>Short-term inflation expectations<\/strong> for the next year edged higher to <strong>4.7%<\/strong>, while <em>longer-term 5-year inflation expectations<\/em> eased slightly to <strong>3.6%<\/strong>.<\/li>\n<li>Major U.S. stock indices, including the <strong>Nasdaq<\/strong>, <strong><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a><\/strong>, and <strong><a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a><\/strong>, opened lower following the release of the disappointing consumer data.<\/li>\n<li>UBS raised its price target for pharmaceutical giant <strong>AbbVie<\/strong> (<a href=\"\/stock\/ABBV\">ABBV<\/a>) to <strong>$220<\/strong> from <strong>$195<\/strong>.<\/li>\n<\/ul>\n<h2>Consumer Confidence Takes a Hit<\/h2>\n<p>U.S. consumer sentiment experienced a notable downturn in November, with the University of Michigan&#39;s preliminary reading falling to <strong>50.3<\/strong>. This figure represents a significant drop from the prior month&#39;s <strong>53.6<\/strong> and fell short of the estimated <strong>53.0<\/strong>. The decline suggests increasing consumer apprehension about the economic outlook.<\/p>\n<p>The sub-indices also reflected this weakening sentiment. Current conditions dipped to <strong>52.3<\/strong> from <strong>58.6<\/strong> previously, missing the <strong>59.2<\/strong> estimate. Consumer expectations also fell to <strong>49.0<\/strong>, down from <strong>50.3<\/strong> in October and below the <strong>50.3<\/strong> forecast.<\/p>\n<h2>Inflation Outlook Mixed<\/h2>\n<p>Inflation expectations presented a mixed picture in the November report. Consumers anticipate a slight uptick in short-term price pressures, with 1-year inflation expectations rising to <strong>4.7%<\/strong> from <strong>4.6%<\/strong> in the previous survey and exceeding the <strong>4.6%<\/strong> estimate.<\/p>\n<p>Conversely, longer-term inflation expectations showed a modest decrease. The 5-year inflation outlook eased to <strong>3.6%<\/strong>, down from <strong>3.9%<\/strong> previously and below the <strong>3.8%<\/strong> estimate. This divergence could indicate that while immediate price concerns persist, consumers may anticipate some moderation in inflation over a longer horizon.<\/p>\n<h2>Market Reaction and Corporate News<\/h2>\n<p>Following the release of the weaker-than-expected consumer sentiment data, U.S. equity markets opened lower. The <strong>Nasdaq<\/strong> was down <strong>173.93 points<\/strong>, or <strong>0.75%<\/strong>, at <strong>22,880.07<\/strong>. The <strong>Dow Jones<\/strong> fell <strong>210.30 points<\/strong>, or <strong>0.45%<\/strong>, to <strong>46,702.00<\/strong>, and the <strong>S&amp;P 500<\/strong> declined <strong>33.09 points<\/strong>, or <strong>0.49%<\/strong>, to <strong>6,687.23<\/strong> after the market open.<\/p>\n<p>In corporate news, UBS increased its price target for <strong>AbbVie<\/strong> (<a href=\"\/stock\/ABBV\">ABBV<\/a>), a major pharmaceutical company, to <strong>$220<\/strong> from its previous target of <strong>$195<\/strong>. This adjustment comes as the Q3 earnings season enters its final peak week, with over <strong>2,700<\/strong> companies scheduled to report. Notable companies with upcoming earnings include <strong>Tencent Holdings<\/strong> (<a href=\"\/stock\/TCEHY\">TCEHY<\/a>), <strong>Alibaba<\/strong> (<a href=\"\/stock\/BABA\">BABA<\/a>), <strong>Cisco Systems<\/strong> (<a href=\"\/stock\/CSCO\">CSCO<\/a>), <strong>Applied Materials<\/strong> (<a href=\"\/stock\/AMAT\">AMAT<\/a>), and <strong>Disney<\/strong> (<a href=\"\/stock\/DIS\">DIS<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. Michigan Consumer Sentiment sharply declined in November to 50.3, significantly missing both previous readings and analyst expectations, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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