The Conference Board's latest reading of its consumer confidence index was lower than expectations.
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Consumer confidence slides
The Conference Board consumer confidence index is expected to slip to 122.5 from it's 16-year record high in March.
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The index came in at 120.3, lower than economists' expectation of 122.5. It is also a decline from last month's reading of 125.6.
The index has seen a massive surge following the election of President Donald Trump, and March's reading was the highest in 16 years for the index.
Additionally the the number of Americans reporting that jobs were "plentiful" ticked down to 30.8% from the prior month's 16-year high of 31.8%.
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