U.S. Stocks Decline as Consumer, Technology Companies Retreat
Traders on the floor of the New York Stock Exchange on March 6, 2015.
Photographer: Richard Drew/AP PhotoThis article is for subscribers only.
U.S. stocks fell, after the biggest equities selloff in more than two months amid the surging dollar, as declines in consumer and technology companies offset banks’ rebound.
Cisco Systems Inc. dropped for the sixth time in seven days, and EMC Corp. had its biggest retreat since 2013. Apple Inc. slid to its lowest level in a month. Tyson Foods Inc. and Pilgrim’s Pride Corp. fell more than 4.3 percent amid reports of suspected bird flu in Arkansas. Citigroup Inc. and Bank of America Corp. added at least 2 percent after financial stocks Tuesday had their steepest decline since April.