U.S. Stocks Fall, Extending Biggest Quarterly Drop Since 2008

U.S. stocks fell, sending the Standard & Poor’s 500 Index to its biggest quarterly drop since 2008, after reports from China and Germany fueled concerns the global economy is slowing.

All 10 groups in the S&P 500 slumped as companies most-tied to economic growth had the biggest declines. Alcoa Inc. fell 4.9 percent, while General Electric Co. lost 4 percent. Micron Technology Inc. slid 14 percent for the biggest drop in the S&P 500 after reporting an unexpected loss on weak demand for personal computers. Ingersoll-Rand Plc retreated 12 percent after lowering its profit forecast.