U.S. Stocks Fall, Apple Drop Overshadows Commodity Shares' Rally
- Crude slides after earlier rallying more than 4 percent
- Dow Chemical, DuPont advance on reports of merger talks
Citi 2016 Investment Outlook
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U.S. stocks fell for a third day as Apple Inc. paced declines among technology shares, overshadowing a rebound in commodity companies amid merger talks between two chemical industry giants.
Equities erased an early advance as a rally in crude oil withered in the midst of lingering concerns about slowing global growth. Apple sank 2.2 percent, the most in more than three weeks. Costco Wholesale Corp. fell 5.4 percent after its earnings disappointed. Raw-materials surged as Dow Chemical Co. and DuPont Co. were said to be in late-stage talks to combine, with the two companies rising at least 11 percent.