The consumer confidence in US rose up slightly in the month of August but it has rose more than the expected figure before and pushed up the Wall Street higher.

According to the monthly survey report, of Conference board the consumer confidence index recorded at 53.5 in august which figure was well above the previous estimate of 51. I followed a sharp drop in the US business sentiment.

The stocks of US rose sharply boosted by the increased consumer confidence figures, the Dow Jones Industrial average index rose up by 1% and went passed the 10,000 points mark. Despite of the rises in the US markets, the Conference Board warned about the future of the consumer confidence figures as the people of the US are not flowing money to the market as they used to do earlier.

Experts have also said the jobs are getting increasingly harder to find and the unemployment is rising day by day and also rising the worries about the economic condition of the country.

The house prices reportedly increased in the second quarter of this year but experts said the rise in the prices were not for a long term.