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U.S. Stocks Fall as Investors Weigh Stimulus Cuts Timing
Whitney Kisling and Nikolaj GammeltoftU.S. stocks fell, snapping a streak of 20 straight Tuesday gains for the Dow Jones Industrial Average, as economists predicted the Federal Reserve may reduce stimulus as soon as September.
Exxon Mobil Corp. and Chevron Corp. dropped 0.9 percent as energy producers slumped. Salesforce.com Inc. declined 7.9 percent after saying it will buy ExactTarget Inc. Dollar General Corp. fell 9.2 percent after reducing the top end of its full-year earnings forecast. General Motors Co. added 1.6 percent as S&P said the automaker will replace H.J. Heinz Co. in the benchmark equity gauge.