Economics
U.S. Stocks Fall on Manufacturing Data Amid Cliff Concern
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U.S. stocks fell, following a two-week advance for the Standard & Poor’s 500 Index, as an unexpected contraction in manufacturing spurred concern about the potential economic toll from the so-called fiscal cliff.
DuPont Co., the most valuable U.S. chemical maker, fell 1.7 percent, leading raw-materials producers to the biggest drop among 10 S&P 500 groups. Dell Inc. rallied 4.4 percent after Goldman Sachs Group Inc. recommended buying the shares.