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U.S. Stocks Fall as S&P 500 Has Biggest Decline in Three Months

U.S. stocks fell, giving the Standard & Poor’s 500 Index its biggest weekly drop in three months, as concern about Europe’s debt crisis intensified, speculation China will boost interest rates grew and Cisco Systems Inc.’s projection missed analysts’ estimates.

Alcoa Inc., Hewlett-Packard Co. and JPMorgan Chase & Co. retreated more than 3.2 percent to help lead losses in the Dow Jones Industrial Average. Cisco, the world’s largest maker of computer-networking equipment, tumbled 17 percent for the biggest weekly slump in two years. Boeing Co., the largest aerospace company, decreased 11 percent after halting flights of the 787 Dreamliner while investigating a fire on a test plane.