Last Updated: June 30th, 2009: 11:52 AM ET--- Following a short early run extending modest Monday gains, market indexes fell in Tuesday trading after reports of lower consumer confidence from the Conference Board surprised investors, who were expecting a continuing positive trend. Large consecutive monthly jumps in the Consumer Confidence index did not prepare optimistic investors for the drop from 54.8 in May to 49.3 in June. Economists polled by Thomson Reuters expected confidence would stand at 55. Meanwhile, Japan's unemployment rate hit a 5-year high and Britain's economy shrank by in the first quarter by a larger-than-expected amount. After leading market gains yesterday, the oil & gas industry fell 2.03%, while telecommunications dropped 2.14% and basic materials fell 1.69%. Currently, the Dow Jones Industrial Average has slumped 1.38% to 8411.33, the S&P 500 is down 1.35% to 914.75 and the Nasdaq Composite is 0.76% lower at 1830.13.

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