Economics
U.S. Stocks Trim Monthly Gain as Data Raise Concern on Economy
Bullard: Fed Should Raise Rates as Economy Improves
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U.S. stocks declined, with equities paring their best monthly gains since February, as May economic data raised concern over the strength of the economy after a first-quarter contraction.
Transportation companies dropped for the fourth time in five sessions as railroads extended declines, and financial shares fell for a second day. Humana Inc. jumped 20 percent after it was said to be exploring a sale. Altera Corp. added 4 percent amid reports Intel Corp. is near a deal to buy the company for about $15 billion.