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Poor Consumer Confidence Report Holds Dow From Greater Advance

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Positive earnings reports continued to roll in today.  Early this morning DuPont, a Dow component, exceeded the estimates for the second quarter.  The S & P 500 closed above its 200 day moving average yesterday which also helped propel the Dow to a positive open.  At 10 AM, however, those pesty consumers threw a wrench at the advance with a poor confidence reading and stocks sputtered slowly for the rest of the day.  The Industrials average managed to close up 12 points.