Consumers were feeling more optimistic in March as stock market stability eased investing worries, according to a survey released Tuesday.
The Consumer Confidence Index hit 96.2 in March, according to The Conference Board. That's better than the 94 analysts expected, according to Thomson Reuters consensus estimates.
"Expectations regarding the short-term turned more favorable as last month's turmoil in the financial markets appears to have abated," said Lynn Franco, director of economic indicators at The Conference Board. "On balance, consumers do not foresee the economy gaining any significant momentum in the near-term, nor do they see it worsening."