RPT-US STOCKS-Wall St sags on consumer confidence, mixed results

                                
 (Repeats to fix bracket on stock symbol in paragraph 13)
                                
 * Dow component DuPont gains as profit triples
                                
 * Consumer confidence falls
                                
 * Dow up 0.1 pct; S&P off 0.1 pct; Nasdaq down 0.4 pct
                                
 * For up-to-the-minute market news see [STXNEWS/US]
 (Updates with volume)
                                
 By Leah Schnurr
                                
 NEW YORK, July 27 (Reuters) - The S&P snapped a three-day
winning streak on Tuesday after mixed earnings reports and a
fall in consumer confidence, but analysts said U.S. stocks
were taking a breather and the rally could pick back up.
                                
 Solid earnings from Dow component DuPont <DD.N> and
Cummins Inc <CMI.N> cheered investors, but that was offset by
gloomy comments from steelmakers, including U.S. Steel Corp
<X.N> and AK Steel Holding Corp <AKS.N>.
                                
 "I still have a favorable view of the market, but I think
the extreme move in the last few days warrants some
consolidation or pullback," said Nick Kalivas, senior equity
index analyst at MF Global in Chicago.
                                
 The S&P closed a hair below its 200-day moving average
after crossing above it on Monday. While the failure to hold
above the level was a potentially bearish signal, the fact
that it ended so close to the level made it less negative.
                                
 The index's 14-day moving average line crossed over its
50-day moving average, creating a so-called "golden cross"
that indicates positive short-term momentum.
                                
 Economic data was mixed. Home prices rose in May, but
labor-market worries took July consumer confidence to its
lowest since February. For details, see [ID:nN27260375]
                                
 The Dow Jones industrial average <.DJI> added 12.26
points, or 0.12 percent, to 10,537.69. The Standard & Poor's
500 Index <.SPX> dipped 1.17 points, or 0.10 percent, to
1,113.84. The Nasdaq Composite Index <.IXIC> shed 8.18 points,
or 0.36 percent, to close at 2,288.25.
                                
 DuPont provided the biggest boost to the Dow after the
company raised its forecast for 2010 earnings well above
expectations, while Cummins also raised its full-year
forecast. DuPont surged 3.6 percent to $40.38, and Cummins
gained 2 percent to $79.43. [ID:nN26201739] [ID:nN10132485]
                                
 But steelmakers gave a less rosy picture, with AK Steel
saying it was cutting production capacity to match weak
demand. while U.S. Steel reported a net loss that missed Wall
Street's expectations.
                                
 AK Steel lost 4.7 percent to $14.49 and U.S. Steel gave up
6.4 percent at $45.76. An S&P materials sector index <.GSPM>
slipped 0.6 percent. [ID:nN27161020]
                                
 Consumer discretionary shares led the way down, with a
sector index <.GSPD> losing 1.2 percent following the consumer
confidence report.
                                
 Consumer confidence fell in July to its lowest point since
February, hurt by worries about the job market, according to a
report from the Conference Board, a private research group.
                                
 The Nasdaq fared the worst as shares of commercial truck
manufacturer Paccar Inc <PCAR.O> fell 2.9 percent to $45.62
after it lowered its estimate for 2010 industry-wide sales in
the United States and Canada. [ID:nN10132760]
                                
 About 8.43 billion shares traded on the New York Stock
Exchange, the American Stock Exchange and Nasdaq, short of
last year's estimated daily average of 9.65 billion.
                                
 Declining stocks outnumbered advancing ones on the NYSE by
a ratio of 17 to 13, while on the Nasdaq, 15 stocks fell for
every 11 that rose.
 (Editing by Jan Paschal)