A shaky consumer-confidence reading that aggravated investors’ fears of weak profits and a prolonged recession pushed stocks lower on Tuesday.
The Dow Jones Industrial Average was recently down about 88 points, or 1%, to 8440. The S&P 500 declined 0.9%. The Nasdaq Composite Index slid 0.4%. The Russell 2000 edged into positive territory, gaining less than a point. Read the rest of this entry »