Stocks slipped today on Wall Street. Caterpillar, Home Depot and Boeing led decliners on the Dow. Brands dipped on a variety of economic news. Consumer confidence improved in July. The Conference Board’s consumer sentiment index hit 65.9 this month, from an upwardly revised 62.7 in June. The results exceeded an expected decline to 61.5. Meanwhile, crude oil futures shed $1.72 to settle at $88.06 a barrel. In other news, consumer spending remained unchanged in June, for the second straight month. Personal income, however, climbed 0.5% last month, the fastest growth since March. On the horizon, investors await comments from the latest FOMC meeting, which wraps up tomorrow.
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