The three major stock indexes all closed dramatically lower today after dire consumer confidence reports from February prompted investor anxiety. Stocks were trading mixed prior to the announcement this morning, only to plummet dramatically after figures revealed a near ten point loss rather than the anticipated 1.5 points.
The loss is likely the result of the survey’s timing amidst major debt issues in Greece, anxiety over which has since been resolved. Reasoning aside the news led to triple digit losses for the Dow Jones Industrial Index.
At closing the Dow Jones Industrial Average tumbled 101 points, or 1 percent, to 10,282, while the S&P 500 slipped 13 points, or 1.2 percent to 1095. The Nasdaq also fell, sliding 29 points, or 1.3 percent to end at 2213.
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