(CNBC) — U.S. stocks closed mildly lower Tuesday, under some pressure from disappointing data, as investors awaited key earnings reports and Wednesday's Fed statement.
"I think there's just increasing evidence of economic slowing and that's running counter to investor expectations," said Jack Ablin, chief investment officer at BMO Private Bank.
A second month of decline in durable goods orders and a miss on consumer sentiment added to expectations for softer economic growth in the third quarter.
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