Stocks Retreat from Recent Gains

A selling mood for stocks dominated Friday, despite higher guidance from FedEx and a stronger-than-expected consumer confidence reading. Gold topped $1,006

Stocks fell Friday, ending a five-day winning streak for the equity market despite good news from FedEx (FDX) and signs of improving consumer confidence. The U.S. dollar and oil prices slipped lower, while gold moved above $1,000.

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