U.S. stocks fell Tuesday, rounding out the last day of a volatile month of February on Wall Street.
The S&P 500 (^GSPC) edged lower by 0.3%, while the Dow Jones Industrial Average (^DJI) declined 0.7%. The technology-heavy Nasdaq Composite (^IXIC) ticked down by 0.1%.
The yield on the benchmark 10-year U.S. Treasury note ticked up to 3.92% Tuesday afternoon. The U.S. benchmark WTI crude oil moved higher to trade around $76.94 a barrel. The dollar index was up, trading at $104.92.
Stocks closed higher on Monday, fueling a temporary rebound from Wall Street's worst week of the year. All three indexes ended February in the red after an optimistic start to the year in January.
Economic data released on Tuesday showed that retail inventories, excluding auto, rose 0.3%, higher than 0.1% expected by economists surveyed by Bloomberg. Meanwhile, wholesale inventories declined 0.4%, below consensus estimates of 0.1%.
American consumers felt worse about the economy in February, the Confidence Board reported. The board's Consumer Confidence Index slumped to 102.9 from 106.0, below consensus estimates of 108.5, Meanwhile, February Chicago PMI dipped to 43.6 from 44.3, also below consensus expectations.
Home prices fell 0.5% in December, according to data from S&P Corelogic Case-Shiller Index. On a yearly basis, home prices rose 4.6%, lower than analysts' expectations of 4.8%.
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