Wall Street; Consumer Confidence Report Drags Stocks

Summary


NEW YORK (AP) - Stocks were lower in a confusing but high-volume session Tuesday as a sharp fall in consumer confidence prompted some investors to sell and others to seek bargains.

The Conference Board's consumer confidence index fell to 87.3 in February from 96.4 a month earlier; that reading was an 18-month high for the index. Wall Street analysts had expected the figure to come in at 92 or 93.

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Extract


Wall Street; Consumer Confidence Report Drags Stocks

The confidence figure is merely a symptom of larger...

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