Wall Street Posts Losses Despite Increased Consumer Confidence
Published at | Updated at
tarabird/iStock/Thinkstock(NEW YORK) — After a positive run, Wall Street posted losses on Tuesday, dropping from this week’s record highs.
The Dow Jones Industrial Average dipped below 18,000, finishing the session at 17,983.07, down 55.16 from its open.
The Nasdaq dropped 29.47 to 4,777.44, while the S&P 500 lost 10.23 off of Monday’s record close to end the day at 2,080.34.
The Conference Board reported on Tuesday that consumer confidence improved in December, partially due to lower gas prices. The board’s index pegged consumer confidence at a rating of 92.6, up from 91 in November.
The data shows that 18 percent of Americans expect business conditions to improve in the next six months — down from 18.3 percent in November — but just 10.1 percent expect conditions to worsen, slightly less than the 10.4 percent in November.
Follow @ABCNewsRadio
Copyright 2014 ABC News Radio