U.S. Stocks Fall as Fed Stimulus Plan Fails to Erase Early Loss

U.S. stocks fell, with a late-day rally failing to erase losses, after the Federal Reserve’s plan to purchase Treasury securities wasn’t enough to overcome concern the recovery is faltering.

Bank of America Corp. declined 2 percent after Fed officials said the economic rebound has slowed enough to require fresh stimulus. Alcoa Inc. retreated 2.7 percent after metal prices declined on slower growth in Chinese imports. Intel Corp., the biggest U.S. semiconductor maker, dropped 4 percent after two securities firms reduced their ratings on the shares. Colgate-Palmolive Co. rallied 2.2 percent as investors bought companies whose earnings are least tied to economic growth.