Independent, Fee-Only Financial Advisor
Tuesday, February 23, 2010
A dismal report on consumer confidence tripped up stocks today, sending the market to a second straight loss. Again, recovery-sensitive industrial and commodity-producing stocks led today's decline. Earnings reports released by some leading retailers were strong, giving some traders and analysts hope that customer's conservative thoughts might not be translating into actual behavior at cash registers. In other markets, the dollar strengthened against the euro but weakened against the yen. DJIA -100.97 Nasdaq -28.59 S&P 500 -13.41.