Consumer confidence hits 120.2 in January, vs estimate of 124.9

U.S. consumer confidence sentiment declined in January to 120.2, falling short of analyst estimates.

Confidence was expected to fall to 124.9 in January from the 128.1 reading for the previous month.

Market volatility and the government shutdown appeared to have weighed on consumers, said Lynn Franco, senior director of economic indicators at the Conference Board.

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