Economics
U.S. Stocks Fall, Erasing Earlier Gain on Retailer Rally
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U.S. stocks fell as investors sold shares in the final half hour of a shortened trading session, erasing earlier gains fueled by a rally in online retailers amid Black Friday sales.
Archer-Daniels-Midland Co. fell 3 percent after Australia blocked a A$2.2 billion ($2 billion) takeover of GrainCorp Ltd. EBay Inc. and Amazon.com Inc. gained at least 1.8 percent. Best Buy Co. and Coach Inc. advanced more than 1.4 percent as retailers opened their doors to holiday shoppers. Apple Inc. rose 1.9 percent after a report showed the company sold three of every four smartphones in Japan last month.