U.S. Stocks Little Changed After Consumer-Confidence Data

U.S. stocks were little changed after a report showed confidence among consumers fell in January.

The Standard & Poor’s 500 Index fell 0.1 percent to 1,499.42 at 10:04 a.m. in New York. The equity benchmark has gained 5.1 percent this month as lawmakers agreed on a budget compromise and companies reported better-than-estimated earnings.

The Conference Board’s index decreased to 58.6, the weakest since November 2011, from a revised 66.7 in December, figures from the New York-based private research group showed today. The January reading was lower than the most pessimistic forecast in a Bloomberg survey, which had a median estimate of 64.

To contact the editor responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net

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