Stocks Ended Lower, Oil Prices Fell

U.S. stocks closed lower on Tuesday, after a print on consumer confidence came in below expectations and earlier trade hopes were dashed. The Dow Jones Industrial Average fell 142.22 points, or 0.53%, to 26,807.77. The S&P 500 declined 25.18 points, or 0.84%, to 2,966.60. The Nasdaq Composite retreated 118.83 points, or 1.46%, to 7,993.63.

Oil futures settled lower Tuesday, pressured by signs that Saudi Arabia is making progress in restoring production following attacks on processing facilities, as well as concerns over the global demand picture. West Texas Intermediate crude for November delivery lost $1.35, or 2.3%, to settle at $57.29 a barrel. November Brent fell $1.67, or 2.6%, to $63.10 a barrel.

The Conference Board’s monthly print on consumer confidence fell to a reading of 125.1 in September, down from 134.2 in August. Consensus economists had expected to see a reading of 133 for the month, according to Bloomberg data.