Stocks Fall with Dropping Consumer Confidence
(NEW YORK) — A drop in consumer confidence Tuesday helped push the markets down after a few days of gains.
The Dow lost 44 points, while the Nasdaq and S&P dropped two and four points, respectively.
Higher gas prices may be what has Americans feeling less confident about the economy. The Conference Board’s latest consumer confidence index fell last month. It reached its highest level in a year just last month.
As for home prices, they are lower in most major U.S. cities for a fifth month in a row. The Standard & Poor’s/Case Shiller index finds home prices down from December to January in 16 of the 19 cities tracked.
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