Tuesday’s Midday Movers: 3 Stories Driving Markets
The major U.S. markets were falling Tuesday, even after an optimistic U.S. consumer confident report. As of noon:
|DIJA: -0.77% to 14,831.19||S&P 500: -1.11% to 1,638.44||NASDAQ: -1.42% to 3,605.78|
|Gold: +1.86% to 82.61||Oil: +2.62% to 25.76||U.S. 10-Year: -1.82% to 27.54|
Here are three stories helping shape the market Tuesday afternoon.
1. Do Consumers See the Glass as Half Full? While the economic recovery and employment situation remain questionable at best, consumers are still finding ways to feel upbeat about the economy.
The Consumer Confidence Index increased to 81.5 in August, compared to an upwardly revised 81 in July, according to The Conference Board, an industry group. The reading was better than expected: Economists forecast a decline to 79.1. In comparison, the index stood at 61.3 in August 2012… (Read more.)