U.S. stocks close mostly lower as investors await Fed chief Powell’s speech


U.S. stocks ended mostly lower Tuesday, with the S&P 500 and Nasdaq Composite booking a third straight day of losses as investors assessed downbeat data on U.S. consumer confidence and China’s step toward potentially easing its strict COVID policy. The Dow Jones Industrial Average DJIA, +0.01% closed about flat, while the S&P 500 SPX, -0.16% slipped 0.2% and the technology-heavy Nasdaq COMP, -0.59% dropped 0.6%, according to preliminary data from FactSet. The Conference Board said Tuesday that its U.S. consumer confidence index fell in November to a four-month low amid concerns over a slowing economy and high inflation.

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