The markets opened mostly lower as consumer confidence sank to their lowest levels since 2003. The Dow fell 19 points to 12,550 while Nasdaq lost 10 points to 2316.
On the upside
Target (NYSE: TGT) posted slightly higher revenues and lower 4th quarter profits, but the results were ahead of estimates.
Electronics retailer RadioShack (NYSE: RSH) posted higher 4th quarter profits citing cost-cutting measures.
On the downsideShares of Google (Nasdaq: GOOG) fell after a comScore report revealed that the search engine's growth rate for paid clicks slowed.
The Home Depot (NYSE: HD) posted profits that fell versus year-ago levels as the home improvement industry pulled back along with a housing market.
K-Swiss (Nasdaq: KSWS) posted higher revenues and a small profit that missed expectations. Comments from the athletic shoewear maker hinted at marketing challenges.
In the broad market, advancing issues outpaced decliners by a slim margin on the NYSE and by a margin of 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 711.
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