Breaking: UoM Consumer Sentiment at 95.9, shrugging off coronavirus concerns, stocks hold onto gains

The University of Michigan’s initial gauge of consumer confidence came out at 95.9, above 95. 

Stocks are holding onto their gains.

— more to come.

This is the first indicator of shoppers after coronavirus became mainstream. 

The University of Michigan’s preliminary Consumer Sentiment Index for March carried expectations for a drop to 95 from 101 in February.