US stocks close lower on weak consumer confidence data

The US stock indices fell mostly on Tuesday after the release of weak consumer confidence data, but the durable goods orders beat expectations.

Data showed that the US durable goods orders rose 1.9% in September, higher than forecasts of 0.5%.

While the CB consumer confidence index fell to 100.9 points vs. 101.3 points in September.

The US House of Representatives Speaker Nancy Pelosi announced yesterday continuing the negotiation with the US administration for a deal on passing the fiscal stimulus bill, but President Donald Trump ruled out passing this package before the presidential election.

To the oil market, US crude December futures at Nymex rose 2.6% or $1.01, and closed at $39.57 a barrel, with a day high of $39.6 and a low of $38.5.

Brent December futures rose 2% or 80 cents, and closed at $41.61 a barrel, after hitting a high of $41.3 and a low of $40.4.

As for stocks, Dow Jones fell 0.8% or 222 points to 27,463, with a high of 27,707 and a low of 27,457.

S&P 500 fell 0.3% or 10 points to 3,390, after hitting a high of 3,409 and a low of 3,388.

Nasdaq rose 0.6% or 72 points to 11,431 points, with a high of 11,465, and a low of 11,361 points.