MARKETS
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Financials Sink; Dow Off 8
Rising consumer confidence gives stocks a boost
By Nick McMaster
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Posted Apr 28, 09 3:24 PM CDT
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(Newser)
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The markets ended flat after mixed economic signals today, the Wall Street Journal reports. Stress-test troubles for Bank of America and Citigroup depressed financials, but news that consumer confidence rose in April—to 39.2, from 26.9 in March—gave stocks a boost. The Dow fell 8.05 to close at 8,016.95. The Nasdaq lost 5.60, closing at 1,673.81, and the S&P 500 shed 2.36, settling at 855.16.