Stocks have climbed off their opening lows, but the Dow Jones Industrial Average remains nearly 100 points lower. Though not as severe as earlier, the tone remains generally pessimistic as declining stocks on the NYSE outnumber advancers by almost 6-to-1.
The preliminary July Consumer Sentiment Survey from the University of Michigan came in at 56.6, which is better than the 55.5 economists forecast and just above the previous 56.4 reading.
Treasury Secretary Paulson will issue a statement related to GSEs.
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