Most U.S. Stocks Drop as S&P 500 Index Posts 13% Gain in 2010
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Most U.S. stocks retreated, as the Standard & Poor’s 500 Index posted its second straight annual gain, and had its best December since 1991.
Chevron Corp. and Hewlett-Packard Co. fell 0.4 percent each to lead declines in the Dow Jones Industrial Average. CVS Caremark Corp. lost 0.7 percent after the drugstore operator agreed to buy a unit of Universal American Financial Corp. Borders Group Inc. plunged 22 percent after suspending payments to some publishers. Alcoa Inc. rose 1.2 percent for the biggest gain in the Dow.