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U.S. Stocks Edge Lower as Consumer Confidence Sinks, Offset by Fed Official's Caution Against Hasty Rate Hikes
U.S. stocks ended modestly lower on Tuesday. The Dow Jones Industrial Average fell 131.6 points, or 0.26%, to 51349.92. The S&P 500 slipped 12.85 points, or 0.17%, to 7670.84, and the Nasdaq shed 22.84 points, or 0.09%, to 26797.54. This followed a worrying monthly survey of consumer confidence, which was partially offset by a Federal Reserve official's caution against hasty rate hikes.
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