Economics
U.S. Stocks Fall Most Since June on Microsoft, GE Results
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U.S. stocks fell, giving benchmark indexes their biggest declines since June, as Microsoft Corp. and General Electric Co. results missed estimates and euro-area leaders failed to discuss aid for Spain at a summit.
Microsoft slid 2.9 percent after the largest software maker posted earnings that fell short of estimates. General Electric lost 3.4 percent as third-quarter revenue missed forecasts. McDonald’s Corp. slumped 4.5 percent as sales growth slowed at U.S. stores. Advanced Micro Devices Inc. dropped 17 percent after announcing a plan to cut staff by 15 percent.