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Report: U.S. consumer confidence stalls
New York City -- A Bloomberg report on Thursday said that consumer confidence stagnated last week, as the Bloomberg Consumer Comfort Index was minus 43.3 in the period to July 17, the highest since April, compared with minus 43.9 the prior week.
The monthly gauge of the economic outlook improved from a two-year low, according to the report.
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Sherwin-Williams Q2 profit dips 1%
Cleveland -- Sherwin Williams Co. reported Thursday that profit for the second quarter fell 1% to $179.1 million, compared with $181.7 million in the year-ago period.
The paint company cited higher raw material costs and increased expenses for the performance slip.
Revenue rose 10% to $2.35 billion from $2.14 billion, missing Wall Street expectations of $2.41 billion. Same-store sales increased 4%.