Economics
U.S. Stocks Decline After Rally as P&G, Amazon.com Drop
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U.S. stocks fell, after the biggest four-day jump in a year for the Standard & Poor’s 500 Index, as declines in companies from Procter & Gamble Co. to Amazon.com Inc. overshadowed optimism about economic growth.
Procter & Gamble lost 1.7 percent after the world’s largest consumer-products maker cut its forecasts for profit and sales growth. Amazon.com slid 3.5 percent after UBS AG lowered the online retailer’s rating. Dow Chemical Co. fell 1 percent as an internal review concluded a breakup plan would reduce the company’s value. TripAdvisor Inc. jumped 7.2 percent as fourth-quarter revenue beat analysts’ estimates.