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US Consumer Confidence Declines

U.S. consumer confidence declined in March as higher gasoline prices worried Americans.

Tuesday's report from a business research group called the Conference Board says its index of consumer sentiment declined for the second month in a row to a reading of 102.4.

Consumer demand drives about two-thirds of U.S. economic activity, so experts watch consumer sentiment for clues about the nation's future economic health.

The Conference Board gets its information by surveying about 5,000 U.S. households about their economic conditions, employment prospects and spending plans.

Some information for this report provided by Bloomberg, AP and Reuters.