The slowdown in purchases followed a 0.2% advance in June, the Commerce Department reported today. The median forecast of 82 economists surveyed by Bloomberg called for a 0.2% gain. Excluding cars, sales rose 0.1%.
Treasuries dropped, with 10-year note yields reaching the highest level in three weeks, as monthly jobless claims at the lowest level in eight years added to evidence the employment market is strengthening.
West Texas Intermediate dropped for a fourth day, slipping below $100 a barrel, as the dollar headed for its biggest monthly gain against the euro since last February, curbing the appeal of the commodity. Brent decreased in London.