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M. Continuo

Wall Street falls on consumer confidence data


    NEW YORK (Reuters) - Stocks turned negative on Tuesday after data showed consumer confidence fell in June after a sharp rise in May.

    Consumer spending amounts to roughly two-thirds of the U.S. economy.

    The Dow Jones industrial average dropped 22.60 points, or 0.26 percent, to 8,506.78. The Standard & Poor's 500 Index fell 3.64 points, or 0.39 percent, to 923.59. The Nasdaq Composite Index lost 4.18 points, or 0.23 percent, to 1,839.88.

    (Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)