From the AP
Wall Street paused Tuesday, trading little changed after a disappointing reading on consumer sentiment punctured some of the market’s optimism of the past two sessions.
Concerns about the economy snapped a two-day rally as investors weighed a report that showed consumer confidence sank to a five-year low in March. Further, data showing a slide in home prices signaled more deterioration in the slumping housing market.
Tight credit markets, rising prices and declining housing prices have consumers worrying about a recession. And, the stock market is in turn worrying that consumers will cut back their spending and further weaken the economy.
