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The Boston Globe

Business

Consumer sentiment hovers near May high

WASHINGTON — A measure of US consumer confidence stayed near a six-year high in June as higher home prices boosted household wealth. The survey shows Americans remain upbeat about the economy, despite gyrations in the stock market.

The University of Michigan said Friday that its final reading of consumer sentiment in June was 84.1. That’s an improvement from a preliminary reading of 82.7 issued on June 14. And it is just slightly below May’s final reading of 84.5, which was the highest since July 2007.

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