Brands took a breather on Tuesday. Stocks dipped on a variety of economic news. The Case-Shiller Home Price Index showed existing-home price growth retreated in July from June’s level. Meanwhile, Conference Board data showed a decline in consumer confidence for September.
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Indices traded to the green side on Friday. Brands rebounded somewhat from Thursday’s drop on favorable economic news. A third estimate showed real GDP expanded by 4.6 percent in the second quarter, well up off the first quarter’s revised 2.1 percent decrease and beyond the prior estimate of 4.2 percent.
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Indices closed in the red zone on Thursday. The S&P 500 dipped to its lowest level since July. Stocks traded lower amid geopolitics and a variety of economic data. Apple led the descent, falling 3.8 percent today, on complaints over glitches in its new operating system.