Stocks Retreat

Tuesday’s session ended in red territory. Brands such as Caterpillar, Hewlett-Packard and Alcoa traded lower. Early gains dissipated in afternoon trading. Caterpillar retreated on a profit warning. The company cut its forecast for 2015 earnings. Meanwhile, consumer confidence increased this month. The Conference Board’s index rebounded in September. Hitting 70.3, the result exceeded the consensus expectation of 63, and was well beyond August’s upwardly revised 61.3 level. On another note, crude oil futures shed 56 cents to settle at $91.37 a barrel.

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