Stocks turned lower after consumer confidence slid unexpectedly in December.
The Conference Board’s consumer confidence index fell to a reading of 104.7, down from 112.8 in November and well below economists’ expectations at 113.8, according to FactSet.
The Dow slipped and was down 300 points, or 0.3%, with only four of its stocks on the rise. The S&P 500 was down 0.3%. The Nasdaq Composite fell 0.1%. The major indexes were wavering this morning, but all three took a leg lower in the wake of the data.
