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U.S. Stocks Decline After Reports on Manufacturing, Home Sales

U.S. stocks fell, sending the Standard & Poor’s 500 to a nine-month low, as weaker-than-estimated data on manufacturing and home sales fueled concern that the economic recovery is in peril.

Bank of America Corp., General Electric Co. and Merck & Co. lost at least 1.5 percent to lead declines in the Dow Jones Industrial Average, which slid for a sixth day, its longest streak in almost 18 months. UnitedHealth Group Inc. and Humana Inc. fell at least 1.9 percent. United Parcel Service Inc. and FedEx Corp. increased more than 1.9 percent after both were raised to “buy” from “neutral” at UBS AG.