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U.S. Stocks Drop, Led By Commodity Shares, as Oil, Metals Fall

U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for the fifth time in six days, as declines in oil and metal prices dragged down commodity producers.

Exxon Mobil Corp. lost 1.1 percent as oil slid from a seven-week high. Freeport-McMoRan Copper & Gold Inc. sank 2.9 percent. Altria Group Inc. rallied 3.3 percent as the Supreme Court rejected a White House appeal of a racketeering case against tobacco companies. Sprint Nextel Corp. climbed 6.2 percent on President Barack Obama’s plan to increase airwaves available for smartphones, laptops and new wireless devices.