Stocks are sliding - Dow off 95
Stocks are getting hit in early trading.
Near 10:15 a.m. ET, the Dow was down 95 points, the S&P 500 was down 9 points, and the Nasdaq was down 22 points.
On Monday, the stocks rallied, with the Dow closing over 260 points higher.
Economic data out on Tuesday has been mixed. Home prices rose 0.87% in January month-over-month, and rose 4.56% year-over-year, compared to expectations for 0.6% and 4.6% respectively.
The March Chicago Purchasing Managers Index missed expectations, at 46.3, versus 51.7 estimated; any reading below 50 indicates a contraction.
Consumer Confidence data from the Conference Board, however, showed consumer confidence soared on March, mostly on expectations of higher pay.
West Texas Intermediate crude oil continued its slide, falling by as much as 2% to as low as $47.28 per barrel.