S&P 500 Falls as Investors Weigh U.S. Response to Syria
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U.S. stocks fell, with the Standard & Poor’s 500 Index capping its worst monthly drop since May 2012, as investors weighed the prospects for American military action in Syria and disappointing data on consumer spending.
PulteGroup Inc. slid 3 percent as housing stocks retreated after a report showed consumer spending rose less than forecast in July. Krispy Kreme Doughnuts Inc. tumbled 15 percent after reporting second-quarter earnings that trailed analysts’ estimates as costs increased. Salesforce.com Inc jumped 13 percent as the provider of customer-management software announced forecasts that beat projections.