U.S. stocks were once again in the red after a choppy morning Tuesday after a sales warning from Under Armour (UA) dragged down other apparel stocks. Calvin Klein parent PVH Corp (PVH) , Ralph Lauren (RL) and Hanesbrands (HBI) followed Under Armour lower. Visa (V) moved lower despite a jump in quarterly profit driven by an increase in credit card spending. Growth was also partly attributed to its purchase of Visa Europe. Caterpillar (CAT) has warned that soft sales could continue next year. The manufacturing equipment company said it expects little growth over fiscal 2017 after a challenging 2016. Consumer confidence fell back in October, though remained at a level indicative of healthy spending. Confidence in current conditions and expectations both mellowed. Analysts expect the end of the election season to boost sentiment in coming months.
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