The Conference Board commented: "While weaker consumer assessments of the present situation and expectations contributed to the decline, the expectations component saw the sharpest drop."
Today, traders also had a chance to take a look at the New Home Sales report for November. The report showed that New Home Sales increased by 5.9% month-over-month, compared to analyst consensus of +8.2%.
U.S. Dollar Index tested session highs as traders reacted to the CB Consumer Confidence report. Currently, U.S. Dollar Index is trying to settle above the 108.20 level.
Gold pulled back towards the $2610 level as traders focused on strong U.S. dollar. Rising Treasury yields put additional pressure on gold markets.
SP500 tested session lows after the release of the weaker-than-expected consumer confidence data. SP500 made an attempt to settle below the support at 5920 but did not manage to develop sufficient downside momentum and rebounded above the 5930 level.
For a look at all of today's economic events, check out our economic calendar.