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U.S. Stocks Decline as Optimism Fades After Cyprus Deal

U.S. stocks fell, after the Standard & Poor’s 500 Index rose to within a point of its record high, amid concern Cyprus’s bank-restructuring plan will pave the way for losses on deposits in other European nations.

Industrial shares retreated as Textron Inc. and Caterpillar Inc. lost at least 1 percent. BlackBerry slumped 4.6 percent after Goldman Sachs Group Inc. lowered its rating on the stock. Dell Inc. climbed 2.6 percent after saying Blackstone Group LP and activist investor Carl Icahn have submitted proposals to buy the maker of personal computers.