Pursuits
U.S. Stocks Decline as Apple Slump Overshadows Europe Optimism
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U.S. stocks fell, after the Standard & Poor’s 500 Index failed to remain above a four-year high, as a slump in technology shares overshadowed optimism euro-area leaders will make progress in resolving the region’s crisis.
Equities erased gains as Apple Inc. tumbled 1.4 percent after setting a record for U.S. market value yesterday, dragging down technology companies as a group. Verizon Communications Inc. lost 1.9 percent, pacing declines among telephone stocks. Dell Inc. sank 2.8 percent in late trading as it reduced its full-year profit outlook.