A slight drop in consumer confidence in August negated some gains from July and continued a downward trend. The index fell by 1.3 points in August to 97.4.

A slight drop in consumer confidence in August negated some gains from July and continued a downward trend. The index fell by 1.3 points in August to 97.4.

After a lackluster jobs report last month, Americans are less confident about short-term income and are spending less.