U.S. Consumer Sentiment Index Rises to 52.2 in May

The U.S. consumer sentiment index saw a notable jump, reaching 52.2 in May, exceeding predictions and ending four months of decline according to the University of Michigan. This unexpected rise suggests short-term market stabilization, but lingering economic concerns remain. The index rebounded from a slump in April, signifying a brief period of optimism, although the outlook for the broader economy remains uncertain. 📈 While the U.S. S&P 500 saw a modest recovery following the positive news, consumer sentiment remains significantly lower than last year.