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    Stocks sag on consumer confidence

    NEW YORK (Reuters) The Squot;I still have a favorable view of the market, but I think the extreme move in the last few days warrants some consolidation or pullback, said Nick Kalivas, senior equity index analyst at MF Global in Chicago.

    The S#39;s 14-day moving average line crossed over its 50-day moving average, creating a so-called golden cross that indicates positive short-term momentum.

    Economic data was mixed. Home prices rose in May, but labor-market worries took July consumer confidence to its lowest since February.

    The Dow Jones industrial average (.DJI) added 12.26 points, or 0.12 percent, to 10,537.69. The Standard #39;s 500 Index (.SPX) dipped 1.17 points, or 0.10 percent, to 1,113.84. The Nasdaq Composite Index (.IXIC) shed 8.18 points, or 0.36 percent, to close at 2,288.25.

    DuPont provided the biggest boost to the Dow after the company raised its forecast for 2010 earnings well above expectations, while Cummins also raised its full-year forecast. DuPont surged 3.6 percent to 40.38, and Cummins gained 2 percent to 79.43.

    But steelmakers gave a less rosy picture, with AK Steel saying it was cutting production capacity to match weak demand. while U.S. Steel reported a net loss that missed Wall Streets expectations.

    AK Steel lost 4.7 percent to 14.49 and U.S. Steel gave up 6.4 percent at 45.76. An S#36;45.62 after it lowered its estimate for 2010 industry-wide sales in the United States and Canada.

    About 8.43 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, short of last years estimated daily average of 9.65 billion.

    Declining stocks outnumbered advancing ones on the NYSE by a ratio of 17 to 13, while on the Nasdaq, 15 stocks fell for every 11 that rose.

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