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Daily Market Wrap: July 31, 2012

Market News Video
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July 31, 2012 AT 10:05 PM
It was a down day on Wall Street despite a handful of encouraging economic data, as investors appeared to remain on the sidelines ahead of decisions from the Fed and the ECB. On the economic front, personal income rose 0.5 percent in June, while consumer spending was unchanged, according to the Commerce Department.