Consumer Confidence Declines, More Losses on Wall Street
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JaysonPhotography/iStockphoto/Thinkstock(NEW YORK) — Tuesday marked another day of losses for Wall Street, as all three major indices closed lower for the second day in a row.
The Dow Jones Industrial Average dropped 28.32 to 17,042.90.
The Nasdaq slipped 12.46 to 4,493.39, while the S&P 500 closed at 1,972.29, down 5.51.
The Conference Board said on Tuesday that consumer confidence, which increased in August, slipped back downwards in September. August’s mark had been the highest level in about seven years. The Conference Board noted that “a less positive assessment of the current job market” played a role in the decline.
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