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Stocks open lower ahead of confidence report

Published February 25, 2014 10:01 am

This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

New York • U.S. stocks are getting off to a weak start as investors hold back ahead of a report on consumer confidence.

The Standard & Poor's 500 fell three points, or 0.2 percent, to 1,844 in the first few minutes of trading Tuesday. Energy and bank stocks fell the most.

The Dow Jones industrial average fell 35 points, or 0.2 percent, to 16,171. The Nasdaq composite was flat at 4,291.

Investors will get a report on consumer confidence for February at 10 a.m. Eastern. Economists expect confidence fell slightly in February.

Tenet Healthcare sank 6 percent after the hospital operator reported a loss in the fourth quarter as it took on more debt.

Home Depot rose 2 percent after the nation's largest home improvement chain reported higher income than analysts were expecting.