U.S. Stocks Extend Losses on Confidence Drop
The Standard & Poor’s 500 Index lost 1 percent to 1,338.76 at 10 a.m. in New York.
The Thomson Reuters/University of Michigan preliminary index of consumer confidence for February fell to 72.5 from 75 at the end of last month. Economists in a Bloomberg survey projected a median reading of 74.8.
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