Stocks Fall as Consumer Confidence Dips

U.S. stock indexes closed lower Tuesday as weaker-than-expected consumer confidence data offset a better-than-expected profit posted by Walgreen (WAG) and fresh signs of stabilization in the housing market. The market's pullback erased some of the gains from Monday's M&A-inspired rally and came as investors squared positions with an eye on the end of the third quarter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.