U.S. Stocks Decline as Commodity Producers, Kimberly-Clark Drop
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U.S. stocks fell, breaking a three-day winning streak for the Standard & Poor’s 500 Index, as lower commodity prices drove down energy and raw-material producers and Kimberly-Clark Corp. cut its profit forecast.
Marathon Oil Corp. and Nucor Corp. slumped as the Thomson Reuters/Jefferies CRB Index of commodities slipped 0.2 percent, the first drop in four days. Kimberly-Clark, the maker of Scott toilet paper and Huggies diapers, declined 2.7 percent to lead losses by consumer companies that sell necessities. Yahoo! Inc. climbed 1.5 percent following a report that board members may consider offers or other ideas to improve the company.