A Slight Slip

Stocks traded slightly lower today on Wall Street. Brands such as Caterpillar, Bank of America, Walt Disney and Cisco took a breather. Stocks slipped Tuesday following five consecutive record closings for the Dow. In earnings news, Costco Wholesale stepped up on respectable quarterly data. The warehouse retailer posted fiscal second-quarter earnings of $547 million, or $1.24 share, up from $394 million, or 90 cents, a year ago. On another note, Apple retreated today after Jefferies cut its price target on the iPhone innovator to $420 from $500. Elsewhere, crude oil futures added 48 cents to settle at $92.54 a barrel.

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