Consumer Sentiment: Plunges to a 26-Year Low

Consumer sentiment plunged to its lowest level in 26 years in early April, according to a report released recently by the University of Michigan/Reuters, as worries about the economy, unemployment and inflation deflated hopes for the future.

The U.S. consumer sentiment index fell to 63.2 in early April from 69.5 in March.  Sentiment is at its lowest level since March 1982.  Economists surveyed by MarketWatch were looking for an April result of 68.8.

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