Confidence Sags; Dow Off 82

But all indices see gains in second quarter
By Nick McMaster,  Newser Staff
Posted Jun 30, 2009 3:23 PM CDT
Confidence Sags; Dow Off 82
Traders work on the floor of the New York Stock Exchange today.   (AP Photo)

(Newser) – Stocks fell today on an unexpected decline in consumer confidence, the Wall Street Journal reports, after investors held steady at the open despite data that delinquencies on prime mortgages had increased. The consumer-confidence drop came after two months of positive readings. The Dow closed down 82.38 at 8,447.00. The Nasdaq fell 9.02, closing at 1,835.04, and the S&P 500 lost 7.91, settling at 919.32.

Today marked the end of the second quarter, for which the Dow gained 11%, the Nasdaq increased by 20%, and the S&P 500 added 15%.
(Read more Dow Jones stories.)

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