Economics
U.S. Stocks Fall, Led by UnitedHealth, EBay on Earnings
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U.S. stocks fell, sending the Standard & Poor’s 500 Index to a six-week low, as earnings from UnitedHealth Group Inc. to EBay Inc. disappointed investors.
UnitedHealth slumped 3.8 percent, the most in three months. EBay slid 5.9 percent after reporting revenue that missed some estimates. Morgan Stanley lost 5.4 percent after posting the biggest drop in trading revenue among the largest U.S. banks. Verizon Communications Inc. gained 2.8 percent as growth in wireless customers helped profit beat estimates, while PepsiCo Inc. added 3 percent after snack sales increased.