Stocks slip a little as investors see continued weak economic data

|By:, SA News Editor

The S&P 500 backed off the 1,850 level for the second straight day, as investors weighed a decline in consumer confidence and better than expected earnings from Home Depot.

The market mostly brushed off the Feb. consumer confidence number, which declined from Jan. and fell short of expectations in the latest example of apparent weather-related weakness.

Financials, health care and tech lagged from the opening bell and slumped to lows during the final hour of action.

Traders say it was a lackluster day in the market with light volume ahead of additional statements this Thursday from Janet Yellen.

Treasury prices rose, with the yield on the benchmark 10-year note shedding 4 bps at ~2.70%.