Consumer confidence dropped by 3.7 points from December to January.
The index now stands at 61.1 (the happy year of 1985 = 100), down from 64.8 in December, Commercial Property Executive reported.
The Conference Board, which compiles the index, said two components fell, with the one measuring how people feel now taking the bigger fall.
The Present Situation Index sank most, from 46.5 to 38.4. The Expectations Index was down much less, from 77 to 76.2.
Meanwhile, CPE reported that Wall Street saw a rare "golden cross" Tuesday, which means a day when the 50-day (short-term) moving average rises higher than the 200-day (long-term) moving average. The 50-day averaged ended at 1257.79, while the 200-day average of was a bit less at 1257.19.
It's considered a signal of a possible bull market.
