The Conference Board Consumer Confidence Index declined marginally in August, following July’s rebound. The Index now stands at 135.1 (1985=100), down from 135.8 in July. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased from 170.9 to 177.2. The Expectations Index—based on consumers’ short-term outlook for income, business and labor market conditions—declined from 112.4 last month to 107.0 this month.

Tuesday, the Dow lost 120.93 points (0.47%) to finish at 25,777.90, the NASDAQ closed 26.79 points (0.34%) lower at 7,826.95, and the S&P 500 was down 9.22 points (0.32%) at 2,869.16. The Russell 2000 decreased 19.96 points (1.35%) to 1,456.04, and the Wilshire 5000 fell 135.33 points (0.46%) to 29,326.11.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 1.477%. The price of the 30-year Treasury bond climbed 1 32/32, decreasing its yield to 1.952%.

ON THIS DATE: In 1907, “American Messenger Company” was started by two teenagers, Jim Casey and Claude Ryan. The company’s name was later changed to “United Parcel Service.” In 1922, the first radio commercial aired on WEAF in New York City. The Queensboro Realty Company bought 10 minutes of time for $100. In 1955, while visiting family in Money, Mississippi, 14-year-old Emmett Till, an African American from Chicago, was brutally murdered for allegedly flirting with a white woman four days earlier. In 1963, Dr. Martin Luther King, Jr. gave his “I Have a Dream” speech at a civil rights rally in Washington, D.C. In 1968, at the Democratic National Convention in Chicago, thousands of Vietnam War protesters battled police in the streets. In 1995, the biggest bank in the U.S. was created when Chase Manhattan and Chemical Bank announced their $10 billion deal. In 2004, George Brunstad, at age 70, became the oldest person to swim the English Channel. The swim from Dover, England, to Sangatte, France, took 15 hours and 59 minutes.

WEDNESDAY WISDOM: “A man should always consider how much he has more than he wants.”—Joseph Addison, English essayist, poet, playwright, and politician