India, July 21 -- A report released by the Conference Board on Monday showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of June.
The Conference Board said its leading economic index declined by 0.3 percent in June following a revised unchanged reading in May.
Economists had expected the leading economic index to slip by 0.2 percent compared to the 0.1 percent dip originally reported for the previous month.
"For a second month in a row, the stock price rally was the main support of the LEI," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. "But this was not enough to offset still very low consumer expectations, weak new orders in manu...