Pursuits
U.S. Stocks Cap Worst Week Since June Amid Economy Woes
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U.S. stocks fell, capping the biggest weekly slump since June for the Standard & Poor’s 500 Index, amid disappointing data at the world’s largest economy.
Equities pared losses as Spain’s stress tests showed that its banks have a capital deficit of 59.3 billion euros ($76.3 billion), less than previously estimated. McDonald’s Corp., the world’s biggest restaurant chain, slid 1.6 percent after Janney Montgomery Scott LLC cut its recommendation on the shares. Nike Inc., the largest sporting-goods company, dropped 1.1 percent after reporting future orders that trailed estimates.