Wall Street soars as consumer confidence slumps: Inside the disconnect

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Wall Street soars as consumer confidence slumps: Inside the disconnect

by CBSTV Videos 2:00 mins

Wall Street soars as consumer confidence slumps: Inside the disconnect

by CBSTV Videos 2:00 mins

The Dow Jones Industrial Average and the S&P 500 open at new record highs Wednesday, and stocks soared Tuesday, despite the release of a gloomy consumer confidence report. CBS News contributor and analyst Mellody Hobson reports on the apparent disconnect between Wall Street and American consumers.

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