Consumer sentiment takes a tumble in November


Chalk up a mixed-bag week for the U.S. economy: Jobless claims continued to decline, the Dow made progress solidifying gains above 10,000 -- but consumer sentiment plunged.

The Reuters/University of Michigan Surveys of Consumers says its consumer sentiment index for November (preliminary) decreased to 66 from 70.6 in October, Reuters reported Friday. Further, the index of consumer expectations declined to 63.7 from 68.6 in October, while the current conditions index fell to 69.6 from 73.7 in October.