Consumer sentiment falls

Consumer sentiment fell more than expected.

The preliminary reading of consumer sentiment for July from the University of Michigan came in at 93.3.

Economists had estimated a reading of 96 for July, according to Bloomberg.

The final reading for June was 96.1, a five-month high. "Consumers voiced in the first half of 2015 the largest and most sustained increase in economic optimism since 2004," said Richard Curtin in that release.

More to come ...