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U.S. Stocks Decline as Jobs Report Misses Economists’ Estimates

U.S. stocks fell, dragging the Standard & Poor’s 500 Index lower following its worst week of 2012, after employers added fewer jobs than forecast in March.

Financial shares declined 1.9 percent for the biggest drop out of 10 groups in the S&P 500. Bank of America Corp. and JPMorgan Chase & Co. erased at least 2.1 percent. Caterpillar Inc. and General Electric Co. sank more than 1.8 percent, pacing losses among industrial companies. Alcoa Inc., scheduled to report earnings tomorrow, advanced 0.4 percent.