U.S. stocks fell, with the Standard & Poor’s 500 Index dropping for the first time in seven sessions, as General Electric Co. led industrial shares lower to offset gains among energy producers.
Shares of small-cap consumer- discretionary companies are outpacing the market on investor optimism about U.S. growth prospects, a sign analysts could increase earnings forecasts for these stocks.
Paychex Inc. and FedEx Corp. may provide an early read on how the economic expansion is faring when they release quarterly results later this month.
"Investors are betting that the worst is behind the retail sector."
- Lawrence Creatura on Aug 07, 2014