Stocks Fall on Weaker Consumer Confidence, Housing Price Data

U.S. markets closed lower after disappointing consumer confidence data, while home price growth slowed in the final quarter of 2013. Domestic economic data is still seen as key driver of U.S. equity sentiment. Strong results from companies such as Macy’s and Home Depot failed to offset the losses on Tuesday. Globally, the Chinese reminbi slid on concerns around the property market in the world’s second-largest economy, feeding caution in Asian markets. TheStreet’s Jane Searle speaks to Greg Keating of James Coffey Securities at the NYSE.

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