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Stocks Mixed After Consumer Confidence Weakens

wochit business
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February 25, 2014 AT 9:53 AM
U.S. stocks were mixed in mid-morning trading Tuesday as investors reacted to an unexpectedly steep decline in consumer confidence this month. The weak start came a day after the Standard & Poor's 500 index came within a point of closing at another record high. The Conference Board's index of consumer confidence fell to 78.1 in February from 80.7 the month before. That was below the 80.1 level economists polled by FactSet were expecting. The report is a closely watched indicator of how likely consumers are to spend money and keep the economy moving forward.