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Stocks turn positive after consumer data


    NEW YORK (Reuters) - Wall Street rebounded from initial declines and major stock indexes turned positive on Tuesday after data showed consumer confidence rose for the third consecutive month in January.

    * The Dow Jones industrial average gained 31.06 points, or 0.30 percent, to 10,227.92. The Standard & Poor's 500 Index gained 1.24 points, or 0.11 percent, to 1,098.02. The Nasdaq Composite Index gained 0.93 points, or 0.04 percent, to 2,211.73.

    * The Conference Board said its index of consumer confidence increased to 55.9 in January from an upwardly revised 53.6 in December, and topped forecasts of 53.5.

    (Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)