US STOCKS SNAPSHOT-Wall St cuts losses after consumer data

NEW YORK Feb 22 (Reuters) - U.S stocks slightly cut losses on Tuesday after consumer confidence rose in February to a three-year high amid improved optimism about the economy and income prospects.

The Dow Jones industrial average .DJI dropped 54.11 points, or 0.44 percent, to 12,337.14. The Standard & Poor's 500 Index .SPX dropped 9.76 points, or 0.73 percent, to 1,333.25. The Nasdaq Composite Index .IXIC dropped 33.32 points, or 1.18 percent, to 2,800.63