Author: Janna Herron / Source: USA TODAY
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Stocks fell in midday trading on Thursday, chipping away at gains made the previous day when the Dow Jones industrial average surged more than 1,000 points.
A gauge of consumer confidence declined sharply in December, missing expectations and weighing on stocks.
The Dow lost 326 points, or 1.42 percent, to 22,552 in midday Thursday trading. The Standard & Poor’s 500 declined 37 points, or 1.48 percent, to 2,431.
The Nasdaq lost 132 points, or 2.01 percent, to 6,423, putting it in a bear market, or at least 20 percent from its most recent closing high of 8,109.69 on Aug. 29. The tech-heavy index fell into a bear market on Friday, but recovered on Wednesday.
The Russell 2000 – an index of small-company stocks that remains…
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