A Red Finish

Brands took a breather on Friday. Boeing, JPMorgan Chase and Caterpillar led the Dow’s descent. Stocks slipped amid continued eurozone concerns and despite positive consumer sentiment news. The partially nationalized Bankia in Spain announced today that it is seeking a $23.8 billion bailout. Meanwhile, consumer confidence is up this month. The University of Michigan Consumer Sentiment Index hit 79.3 in May. Up from 76.4 in April, the latest reading marks the highest level since October 2007. Elsewhere, crude oil added six cents to settle at $90.72 a barrel.

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