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.