Stocks Turn Lower After Disappointing Consumer Confidence Reading

Stocks Turn Lower After Disappointing Consumer Confidence Reading

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.