Pursuits
U.S. Stocks Decline as Biotechnology, Commodities Shares Retreat
Bottom-Up Investors Should Look Past Buybacks: Tanious
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U.S. stocks fell, with the Dow Jones Industrial Average posting its worst week since January, as biotechnology shares slumped and raw-material producers sank amid fresh signs of a slowdown in China.
Biogen Inc. lost 22 percent after cutting its 2015 earnings forecast. Raw-material and energy shares in the Standard & Poor’s 500 Index fell at least 1.9 percent. Amazon surged 9.8 percent, while Visa Inc. gained 4.3 percent after profits beat predictions. An index of homebuilders decreased 2.6 percent after new-home sales unexpectedly dropped.