U.S. stocks edge lower after consumer-confidence survey and Fed caution

  • U.S. stocks ended lower after consumer-confidence concerns and Federal Reserve rate guidance.
  • Dow Jones Industrial Average fell 131.6 points, or 0.26%, to 51,349.92.
  • S&P 500 and Nasdaq declined 0.17% and 0.09%, respectively, at the close.

U.S. stocks ended modestly lower after a worrying monthly consumer-confidence survey was offset by a Federal Reserve official cautioning against hasty rate hikes. The Dow Jones Industrial Average fell 131.6 points, or 0.26%, to 51,349.92. The S&P 500 slipped 12.85 points, or 0.17%, to 7,670.84, while the tech-heavy Nasdaq shed 22.84 points, or 0.09%, to 26,797.54.

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