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S&P 500 Has Worst Weekly Drop Since November on Earnings

U.S. stocks fell for the week, sending the Standard & Poor’s 500 Index to the biggest retreat since November, as earnings from Bank of America Corp. and International Business Machines Corp. missed estimates and China’s economic growth unexpectedly slowed.

Equities rose on the final day as companies from Microsoft Corp. to Chipotle Mexican Grill Inc. posted better-than-anticipated results. Bank of America and IBM sank at least 4.2 percent for the week. Apple Inc. declined 9.1 percent as one of its suppliers reported an inventory glut. Freeport-McMoRan Copper & Gold Inc. and Nabors Industries Ltd. tumbled more than 7.8 percent amid plunging commodity prices.