US consumers now feel more confident about the economy growing. Last year, the US economy has seen the worst conditions in 26 years with unemployment at its peak and wage expectations falling drastically.

The Consumer Comfort Index stands at -44 on its scale of +100 to -100 which last week was at -42.

“We’re going to need a more definitive improvement in the labor market before confidence improves more than it has”, said Michael Moran, chief economist at Daiwa Securities America Inc. in New York, who forecast a rise to 53 for confidence.

The Standard & Poor’s 500 Index decreased 0.1 percent to close at 1,126.2.

There are lows seen in energy, financial and technology companies which have outcaste the profits of last week.