Most U.S. stocks fell after Goldman Sachs Group Inc.’s decline in the last 15 minutes of trading wiped out the day’s second Standard & Poor’s 500 Index rally, overshadowing gains by technology shares.
Goldman Sachs slumped 4.7 percent to the lowest level since March 2009 after Reuters said Chief Executive Officer Lloyd Blankfein hired a defense attorney. The company confirmed the report after the close of trading. Bank of America Corp. retreated 7.9 percent, the most in the S&P 500, amid concern about the lender’s capital raising plans. Computer stocks in the S&P 500 added 0.7 percent, including Hewlett-Packard Co.’s 3.6 percent advance following last week’s 27 percent plunge.
