Deals
U.S. Stocks Fall as S&P 500 Completes Worst Week in Two Months
This article is for subscribers only.
U.S. stocks fell, with the Standard & Poor’s 500 Index completing its biggest weekly drop in two months, as a decline in technology and energy companies overshadowed optimism that the economy is accelerating.
Chevron Corp. and Halliburton Co. slumped at least 2.2 percent as oil fell for a second day. Salesforce.com Inc., the largest maker of online customer-management software, lost 10 percent as billings missed some estimates. Hewlett-Packard Co. rallied 2.6 percent after adding Relational Investors LLC’s Ralph Whitworth to its board. Boeing Co. advanced 2.1 percent after winning a provisional order for 230 planes from Lion Air.