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U.S. Stocks Drop as Oil, Silver Retreat; Dollar Index Gains

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U.S. stocks fell, pulling the Standard & Poor’s 500 Index down from an almost three-year high, as declines in commodity producers overshadowed the killing of Osama bin Laden. Silver sank the most since January as CME Group Inc. raised the amount of cash needed for speculative positions.

The S&P 500 slipped 0.2 percent to 1,361.22 at 4 p.m. in New York, reversing an early advance. The Stoxx Europe 600 Index climbed for an eighth day. The Dollar Index rose 0.1 percent to