U.S. consumer confidence plummeted to a historic low in June 2026, with the University of Michigan's sentiment index hitting 44.8, its lowest reading since 1952. Despite this decline, analysts project 2026 IPO proceeds to reach $200 billion, surpassing the 1999-2000 dot-com peaks. Concurrently, major tech firms announced massive capital raises, including $84.75 billion by Alphabet and significant multi-billion dollar rounds by Meta.
Analyst Gordon Johnson projects 2026 IPO proceeds to hit $200 billion, potentially exhausting market liquidity as tech giants ramp up capital raises.
Read the full storyThe University of Michigan index hit a final reading of 44.8, marking a historic trough as household financial worries intensify across the United States.
US consumer sentiment sank below April's depressed levels to hit its lowest point since 1952, driven by economic dissatisfaction and shrinking labor income shares.