US stocks edge lower, despite consumer optimism
December 30th, 2009 - 6:16 am ICT by IANS ( Leave a comment )New York, Dec 30 (DPA) US markets posted slight losses Tuesday, driven down by a mix of technology, energy and financial stocks.
The losses overshadowed signs that US consumers are getting more optimistic about the state of the economy. The private Conference Board’s index of consumer confidence gained for the second straight month, rising to 52.9 points in December from 50.6 in November.
The Dow Jones Industrial Average dropped 1.67 points, or 0.2 percent, to close at 10,545.41. The broader Standard & Poor’s 500 Index snapped a six-day winning streak, falling 1.58 points, or 0.14 percent, to 1,126.2. The technology-heavy Nasdaq Composite Index was down 2.68 points, or 0.12 percent, to 2,288.4.
The US currency climbed to 69.69 euro cents from 69.55 euro cents Monday. The dollar also gained against the Japanese yen to 91.96 yen from 91.64 yen.
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Tags: consumers, dow jones, dow jones industrial, dow jones industrial average, economy, financial stocks, index of consumer confidence, japanese yen, losses, nasdaq composite index, new york dec, optimism, private conference, s 500, signs, us currency, winning streak
