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S&P 500 Snaps Five-Day Rally Amid Concern About Europe’s Crisis

U.S. stocks declined, halting a five-day advance in the Standard & Poor’s 500 Index, as the European Central Bank’s balance sheet increased to a record after a surge of bank lending to stem the region’s debt crisis.

Alcoa Inc. and Chevron Corp. dropped at least 1.8 percent as the euro tumbled to the lowest level since January against the U.S. dollar, curbing demand for commodities. The Morgan Stanley Cyclical Index sank 1.9 percent as Caterpillar Inc. and Ford Motor Co. slid more than 2.3 percent. Bank of America Corp. slumped 3.6 percent, extending yesterday’s decline.