Major stock indexes dipped Tuesday as weak readings on consumer confidence gave investors little reason to extend the recent rally. Stocks opened higher, then pulled back after 10 a.m., when the Conference Board said its index of consumer confidence slipped in March. Higher gas prices offset the surging stock market.
The Dow Jones industrial average dropped 43.90 points, or 0.3 percent, to close at 13,197.73.
The Standard & Poor's 500 index fell 3.99 points, or 0.3 percent, to 1,412.52.
The Nasdaq composite fell 2.22 points, or 0.07 percent, to 3,120.35.
For the week:
The Dow is up 117, or 0.9 percent.
The S&P is up 15.41, or 1.1 percent.
The Nasdaq is up 52.43, or 1.7 percent
For the year:
The Dow is up 980.17 points, or 8 percent.
The S&P 500 is up 154.92 points, or 12.3 percent.
The Nasdaq is up 515.20 points, or 19.8 percent.
Fired IRS Commissioner: I Promoted Sarah Ingram To Head Obamacare: "We Provided Horrible Customer Service" | Greg Hengler
Acting IRS Commissioner Doesn't Know Who's Responsible, Objects to "Targeting" as "Pejorative" Term | Guy Benson