Economics
U.S. Stocks, Euro Slip as ECB Tightens Greek Terms; Oil Declines
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U.S. stocks fell, with benchmark indexes erasing earlier gains, while the euro extended losses after the European Central Bank tightened the terms of Greece’s bailout. Oil resumed its slump amid an increase in American inventories.
The Standard & Poor’s 500 Index was down 0.4 percent by 4 p.m. in New York, snapping a two-day rally and reversing a 0.2 percent advance. Energy producers and health-care stocks led declines, while Walt Disney Co. surged to a record on better-than-expected earnings. West Texas Intermediate crude retreated