Stocks fell yesterday, trimming a second month of gains, as investors worried central banks would not come through with enough stimulus to bolster the global economy. On Wednesday, the Federal Reserve finishes a two-day policy session, with many skeptical of how much impact the central bank can have. Consumer confidence index in July climbed for the first rise in six months as Americans grew more hopeful about employment prospects in six months. Also, consumer purchases slowed in June, while wages rose. Tech stocks closed mostly lower, weighed down by slumping Seagate Technology and Facebook, which lost 1.35% and 6.22% respectively. Facebook set the tone for other declines in social-media stocks. Notable gains came from Apple and Micron. In the evening trade Electronic Arts rose 2.5% after the co. reported better-than-expected loss. Implied volatility inched higher on moderate trading volumes.
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