US consumer confidence sinks as virus begins having impact

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The dining section is closed off at East Side Pockets, a small restaurant near Brown University, Wednesday, March 25, 2020, in Providence, R.I. President Donald Trump wants the country open for business by mid-April, but some experts warn it's not as easy as flipping a switch: Economies run on confidence, and that is likely to be in short supply for as long as coronavirus cases in the United States are still rising. (AP Photo/David Goldman)

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WASHINGTON (AP) — U.S. consumer confidence tumbled in March to the lowest level in nearly three years as the impact of the coronavirus began to be felt. The Conference Board reported Tuesday that its confidence index dropped to a reading of 120 in March from February’s 132.6. The steep decline reflected rising worries about the coronavirus during the survey period of March 1-18. Economists say confidence is sure to fall further as the virus’ impact takes a bigger toll on the economy.