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Wall Street fell on Tuesday, led lower by consumer stocks after tepid consumer confidence data, but the S&P 500 was on pace to show gains for May. U.S. consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, but other data showed an ebb in consumer confidence in May. Consumer staples were the worst performing sector, off 0.74 percent, while consumer discretionary shares fell 0.46 percent. Nine of 10 S&P sectors were in the red in afternoon trading. The Dow Jones industrial average was down 121.56 points, or 0.68 percent, at 17,751.66, the S&P 500 lost 8.04 points, or 0.38 percent, at 2,091.02 and the Nasdaq Composite dipped 1.53 points, or 0.03 percent, at 4,931.97.
OPELIKA, Ala. (AP) — The retired director of the Alabama Ethics Commission testified Tuesday that he often gave "the drill" to House Speaker Mike Hubbard, cautioning him about actions that would violate the state's ethics law.