U.S. Stocks Slip From Three-Week High, Paring S&P 500 2015 Gain
- Apple shares weigh on technology companies while energy slides
- S&P 500 clinging to a 2015 gain of less than 0.3 percent
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U.S. stocks fell, with the Standard & Poor’s 500 Index struggling to hold its gain for the year in 2015’s penultimate session, as energy companies followed oil lower and a slide in Apple Inc. weighed on technology shares.
Exxon Mobil Corp. and Anadarko Petroleum Corp. sank at least 1.3 percent, as crude stockpiles expanded last week. Apple lost 1.3 percent after a person familiar with the matter said it paid $348 million to settle an Italian tax claim. Pep Boys declined 2.9 percent after Bridgestone Corp. declined to match Carl Icahn’s takeover offer of more than $1 billion for auto-parts retail chain.