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Stocks slip on Wall Street; UPS sinks on forecast

UPS
Posted at 2:28 PM, Jul 12, 2013
and last updated 2013-07-12 14:28:00-04

NEW YORK (AP) — Stocks are edging lower on Wall Street a day after the market closed at a record high.

UPS sank 6 percent to $86.43 after the package delivery company cut its forecast for second-quarter earnings as its customers chose cheaper shipping options. UPS also said it's seeing a slowdown in U.S. industry.

The yield on the 10-year Treasury note was flat at 2.57 percent.