Midday Report: Consumer Sentiment Weakens; Stocks Slip on Oil

Stocks came back from session lows, though remained in the red as crude oil traded below $50 a barrel. Markets have given back earlier week gains for the past two days. Consumer sentiment weakened in June, a sign that labor market worries and U.S. presidential politics have begun to influence the mood. The consumer sentiment index fell to 94.3 in mid-June, slightly below May's final reading. Urban Outfitters (URBN) - Get Report fell after warning that same-store sales in the current second quarter were declining in the mid-single-digit percentage range. Analysts had expected an increase of just over 1% over the period. Visa (V) - Get Report was boosted to a $90 price target at Oppenheimer. Analysts also increased earnings estimates based on its Visa Europe acquisition which is expected to close this month.