NEW YORK (Reuters) - U.S. stocks ended little changed on Tuesday as the U.S. economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range.
Shoppers among pedestrians in New York last week. A surge in consumer spending helped push the nation's economic growth rate to 3.9% last quarter.
The last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the Americans. In 1986, the Saudis opened the spigot and sparked a four-month, 67 percent plunge that left oil just above $10 a barrel.
Total U.S. household debt rose slightly in the third quarter to a total of $11.7 trillion, according to a survey by the Federal Reserve Bank of New York, which pronounced the end of the crisis-era "deleveraging process.
U.S. consumer confidence fell in November to its lowest level since June as optimism waned in the short-term outlook for business conditions and jobs, according to a private sector report released on Tuesday.