Stock Market Today: S&P 500, Nasdaq Close Lower for a Second Straight Day

Today's economic data included updates on home prices and consumer confidence.

multiple screens of stock charts
(Image credit: Getty Images)

Stocks opened higher Tuesday after China's National Health Commission said it would increase COVID-19 vaccinations in seniors after widespread protests broke out over the weekend in response to the country's zero-COVID policies. 

Also boosting stocks in early action was the latest S&P CoreLogic Case-Shiller National Home Price Index, which showed home prices fell for a third straight month in September. The data suggests that the Federal Reserve's plan to slow the economy in order to ease inflation is working – and comes ahead of tomorrow's highly anticipated speech from Fed Chair Jerome Powell. But the markets didn't spend too long in positive territory, moving lower in reaction to another economic data point, one that points to economic challenges (read, possible recession) ahead. 

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.