4 Defensive Stocks to Buy Amid Sinking Consumer Confidence

The optimism surrounding the economy’s health that was seen at the beginning of the year is fast fading. Rising inflation and slowing GDP growth have raised concerns over the future of the economy, hurting the confidence of Americans.The Conference Board said on Apr 30 that consumer confidence fell to 97 in April, declining for the third straight month to hit its lowest level since July 2022. This follows a downwardly revised 103.1 in March. Economists had predicted consumer confidence level to remain littl ...