Stocks fell on Tuesday as investors digested the latest round of economic data. The S&P Case-Shiller Index slid -0.1% on a monthly basis and missed estimates for a gain of +0.1%. Overall, the index rose by 5.1% vs the same period last year. Elsewhere, consumer confidence rose to 101.1, beating estimates for 97.3. Shares of Hershey (HSY) plunged after the company rejected the latest buyout offer. Finally, shares of Apple (AAPL) fell after the EU said it wants to fine them $14.5B.
Gary’s Thoughts: A little more deterioration…more to come.