Wall Street decrease,Consumer Confidence negative

Stock Market News Today about the Wall Street trading decrease after falling down Consumer Confidence.On Wall Street trading today closed sharply lower, primarily due to market disappointment of a number of weak consumer confidence. Dow Jones slid 100.97 points, or 0.97% to as low as 10,282.41; S & P 500 points, or 13:41 weakened 1.21% to as low as 1,094.60, while the Nasdaq fell 28.5901 points or 1.28% to as low as 2,213.44. Focus on trade today is consumer confidence report released by the Conference Board.From CNN ,The Dow Jones industrial average (INDU) lost 100 points, or 1%. The 30-share Dow had lost as much as 115 points earlier. The S&P 500 index (SPX) lost 13 points, or 1.2%. The Nasdaq composite (COMP) fell 28 points, or 1.3%.A mixed market turned negative after the late morning release of a weaker-than-expected reading on consumer confidence. The report reflected investor wariness this year amid some conflicting readings on the economy, debt issues at home and abroad, and lawmaker squabbling in Washington. Stocks have been choppy lately, with the major indexes declining for four weeks, advancing for two weeks and then slipping again Monday — despite some upbeat earnings and an $11 billion merger in the oil services sector.The Volatility (VIX) index, Wall Street’s so-called fear factor, rose 9% Tuesday as nervousness grew about the strength of the recovery.A number of retailers reported results Tuesday, including Dow component Home Depot (HD, Fortune 500).Home Depot said it returned to a profit in its fiscal fourth quarter after posting a loss a year earlier, with earnings of 18 cents per share, two cents better than expected. Home Depot also boosted its dividend. But the company gave a cautious 2010 outlook amid the still-fragile economic recovery. Target (TGT, Fortune 500) and Sears Holdings (SHLD, Fortune 500) also reported better-than-expected quarterly profit. Sears is the operator of Sears and Kmart.

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