U.S. Stocks Pare Losses After Consumer Confidence Tops Estimates
This article is for subscribers only.
U.S. stocks pared losses after a gauge of consumer confidence increased more than forecast to a five-month high, bolstering confidence in the economic recovery.
The Standard & Poor’s 500 Index slipped 0.6 percent to 1,180.63 at 10:03 a.m. in New York after tumbling as much as 1.2 percent. The Dow Jones Industrial Average fell 44.5 points, or 0.4 percent, to 11,007.99.