US close: Weak consumer sentiment weighs on markets

Weaker-than-expected readings on consumer confidence weighed on Wall Street throughout Tuesday’s session.

The Dow Jones Industrial Average lost 0.46% to close at 21,310.66, the S&P 500 was off 0.81% at 2,419.38, and the Nasdaq 100 fell 1.83% to settle at 5,671.60.

US house prices rose by 0.2% month-on-month in April according to S&P/Case-Shiller - the smallest gain since May 2014.

Analysts at Capital Economics said the apparent easing in momentum was most likely the result of "residual seasonality".

"We suspect residual seasonality is the prime cause of the apparent easing in momentum, and price growth is therefore likely to pick-up soon," they added.

Consumer confidence strengthened in June, with the Conference Board's index for consumer sentiment increasing to 118.9 for June from 117.6 in May.

The key subdindex linked to consumer expectations fell, however, to 100.6 from 102.3, although it was offset by improved sentiment around the 'current situation'.

In corporate news, shares in Google's parent company Alphabet were 2.47% weaker as the European Commission slapped the tech giant with a record €2.4bn fine for promoting its own shopping comparison service ahead of competitors.

Mobile network Sprint surged 2.12% following a report that it is in exclusive talks with cable operators Charter Communications and Comcast on a potential wireless services deal.

Dow Jones - Risers

JP Morgan Chase & Co. (JPM) $88.05 0.93%
Wal-Mart Stores Inc. (WMT) $76.01 0.68%
Home Depot Inc. (HD) $152.24 0.54%
American Express Co. (AXP) $83.08 0.14%
Chevron Corp. (CVX) $104.13 -0.07%
Goldman Sachs Group Inc. (GS) $220.33 -0.07%
Walt Disney Co. (DIS) $105.41 -0.15%
McDonald's Corp. (MCD) $153.87 -0.16%
Exxon Mobil Corp. (XOM) $81.13 -0.16%
United Technologies Corp. (UTX) $121.68 -0.23%

Dow Jones - Fallers

Verizon Communications Inc. (VZ) $44.84 -1.99%
Microsoft Corp. (MSFT) $69.21 -1.87%
Cisco Systems Inc. (CSCO) $31.76 -1.49%
General Electric Co. (GE) $27.22 -1.45%
Apple Inc. (AAPL) $143.73 -1.43%
3M Co. (MMM) $209.78 -1.33%
Intel Corp. (INTC) $33.65 -1.23%
Johnson & Johnson (JNJ) $135.01 -0.98%
Procter & Gamble Co. (PG) $88.65 -0.84%
Coca-Cola Co. (KO) $45.06 -0.84%

S&P 500 - Risers

Signet Jewelers Ltd (SIG) $63.00 4.56%
Darden Restaurants Inc. (DRI) $92.80 2.90%
Chesapeake Energy Corp. (CHK) $4.80 2.78%
Macy's Inc. (M) $23.09 2.76%
Frontier Communications Co. (FTR) $1.17 2.63%
American Tower Corp (Reit) (AMT) $135.89 2.48%
Kohls Corp. (KSS) $38.41 2.37%
Crown Castle International (CCI) $101.91 2.17%
Bed Bath & Beyond Inc. (BBBY) $30.72 2.09%
Textron Inc. (TXT) $46.45 1.93%

S&P 500 - Fallers

Seagate Technology Plc (STX) $39.51 -6.79%
Netflix Inc. (NFLX) $151.03 -4.11%
Endo International Plc (ENDP) $11.35 -3.90%
Nvidia Corp. (NVDA) $146.58 -3.66%
Skyworks Solutions Inc. (SWKS) $97.86 -3.41%
Xilinx Inc. (XLNX) $65.10 -3.36%
Activision Blizzard Inc. (ATVI) $58.29 -3.20%
Electronic Arts Inc. (EA) $108.32 -3.16%
Applied Materials Inc. (AMAT) $41.89 -3.14%
Vertex Pharmaceuticals Inc. (VRTX) $129.23 -3.13%

Nasdaq 100 - Risers

Tractor Supply Company (TSCO) $53.76 1.72%
Dollar Tree Inc (DLTR) $69.22 1.07%
Viacom Inc. Class B (VIAB) $35.41 0.91%
Liberty Global Plc Lilac Class C (LILAK) $20.89 0.67%
Dentsply International Inc. (XRAY) $64.43 0.56%
CSX Corp. (CSX) $53.32 0.38%
Liberty Global Plc Lilac Class A (LILA) $21.29 0.33%
J.B. Hunt Transport Services Inc. (JBHT) $87.70 0.25%
Liberty Global plc Series C (LBTYK) $29.45 0.20%
Mattel Inc. (MAT) $20.63 0.10%

Nasdaq 100 - Fallers

Seagate Technology Plc (STX) $39.51 -6.79%
JD.com, Inc. (JD) $40.69 -5.55%
Mercadolibre Inc. (MELI) $255.93 -4.50%
Biomarin Pharmaceutical Inc. (BMRN) $89.63 -4.11%
Netflix Inc. (NFLX) $151.03 -4.11%
Tesla Inc (TSLA) $362.37 -4.01%
Nvidia Corp. (NVDA) $146.58 -3.66%
Skyworks Solutions Inc. (SWKS) $97.86 -3.41%
T-Mobile Us, Inc. (TMUS) $61.01 -3.39%
Xilinx Inc. (XLNX) $65.10 -3.36%