Market Gauge: Points and Conference Board

market gauge: On Tuesday, the key market gauge fell 4.72 points, according to The Japan Times. The Topix index of all first-section issues closed down 4.30 points, or 0.27 percent, at 1,568.37, after climbing 2.46 points the previous day. The 225-issue Nikkei average shed 27.28 points, or 0.14 percent, to end at 19,650.57. Selling outpaced buying after an overnight fall in U.S. equities, caused in part by the announcement on Tuesday of the U.S. Conference Board's consumer confidence index for May, which turned out weaker than expected, brokers said. The Tokyo market lacked new factors to trade on after Japan's earnings reporting season was over, said Yoshihiko Tabei, chief analyst at Naito Securities. Investors retreated to the sidelines prior to the release on Friday of closely watched U.S. government jobs data for May, brokers said. (news.financializer.com). As reported in the news.