The University of Michigan/Thomson Reuters consumer sentiment reading fell to 72.5.

Economists were expecting the reading to decline modestly to 74.8 from a last month's reading of 75.0.

Stocks, which have already been well in the red, ticked down only slightly.

The Dow is down 115 points.

The S&P is down 12 points.

The Nasdaq is down 24 points.

Please follow Money Game on Twitter and Facebook.

Join the conversation about this story »

See Also:

• HOMEBUILDERS: 98 US Housing Markets Are Gaining Momentum
• 6 TOP ECONOMISTS ANSWER: Is China Heading Toward A Hard Landing?
• MICHELLE MEYER: If You're Counting On Housing To Save The Economy, You'll Be Disappointed