SmarTrend Market Close Wrap-Up — October 25, 2011
Themajor US equity indices closed lower Tuesday following a weaker-than-expected report on consumer confidence and ahead of the euro summit. The Conference Board reported that consumers became more pessimistic in October, as consumer confidence fell to the lowest level since March 2009. The index fell to 39.8 in October from a September level of 46.4, upwardly revised from a prior estimate of 45.4. Economists had expected a reading of 46 for the month. In corporate news, Xerox (NYSE:XRX) reported Q3 EPS of $0.26, better than analyst estimates of $0.22 per share