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Data: Hamilton Place Strategies and CivicScience; Chart: Axios Visuals

Consumer confidence had its first major decline since March 31 as a new round of coronavirus cases have spiked, according to the HPS-CivicScience Economic Sentiment Index.

By the numbers: Consumer confidence fell 1.3 points to 47.8. The index's previous reading showed a record increase in confidence in finding a new job and the overall U.S. economy, but both indicators fell — dropping by 2.4 and 2.5 points, respectively — in the latest survey. Confidence in making a major purchase also declined by 1.5 points. ESI's two other indicators, confidence in the housing market and confidence in personal finances, were flat.

Go deeper

Dion Rabouin, author of Markets
Sep 30, 2020 - Economy & Business

Real-time data show economy's rebound slowing but still going

Data: New York Fed; Chart: Axios Visuals

The New York Fed's index of real-time data reversed again in the last week, with data continuing to show a slow but recovering economy that is having trouble returning to its pre-pandemic strength.

What happened: The index was unexpectedly weaker given solid data on U.S. retail sales and the massive outperformance of the Conference Board's consumer confidence index.

Oct 1, 2020 - Health

Pfizer CEO: COVID-19 vaccine development is "moving at the speed of science"

Pfizer CEO Albert Bourl speaking in New York City in 2019. Photo: Steven Ferdman/Getty Images

Pfizer CEO Albert Bourla told employees in a letter Thursday that he is disappointed his company's coronavirus vaccine was politicized during this week’s presidential debate, adding that campaign rhetoric about the outbreak and vaccine development is “undercutting public confidence," according to AP and CNBC.

Why it matters: President Trump accused pharmaceutical companies of slowing their COVID-19 vaccine development to hurt him politically at Tuesday's debate, claiming the U.S. is "weeks away from a vaccine," per Stat News.

Stocks slide after Trump tests positive for coronavirus

Illustration: Aïda Amer/Axios

U.S. stocks opened lower on Friday morning, following news early on Friday that President Trump and first lady Melania Trump tested positive for the coronavirus.

By the numbers: The S&P 500 fell 1%, the Dow Jones Industrial Average dropped 400 points (or 1.6%), while the Nasdaq Composite fell 1.5%. The declines