U.S. consumer confidence rose to its highest level since 2000 in February, showing Americans shrugged off financial market gyrations earlier in the month.

The Conference Board said Tuesday its measure of U.S. consumer confidence increased to 130.8 in February in from 124.3 in January. Economists surveyed by The Wall Street Journal had expected a February reading of 127.0.

”Despite the recent stock market volatility, consumers expressed greater optimism about short-term prospects for business and labor market conditions, as well as their financial prospects.” said Lynn Franco, director of economic indicators at the Conference Board.

February’s reading was the highest monthly level since November 2000.

The increase in the Conference Board reading reflected that Americans feel better about both the current and future state of the economy. The present situation index rose to 162.4 from 154.7; the expectations index rose to 109.7 in February from 104.0.