Economics
U.S. Stocks Decline as Utilities Slump Amid Consumer Price Data
Stocks: Why The Great Rotation Hasn’t Happened Yet
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U.S. stocks fell, with the Standard & Poor’s 500 Index dropping for a second day, as a report on consumer prices showed signs inflation is perking up.
Utilities slid 1.2 percent. Bristol-Myers Squibb Co. and Biogen Inc. lost more than 2.3 percent, leading declines in health-care companies. Genworth Financial Inc. and Legg Mason Inc. fell at least 1.7 percent. Google Inc. and Netflix Inc. rose more than 2 percent.