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S&P 500 Falls Most in a Month on Services Data, Shutdown

U.S. stocks fell, with the Standard & Poor’s 500 Index dropping the most in a month, as data showed weaker-than-forecast growth in service industries and concern grew that the political impasse could lead to a recession.

Eli Lilly Co. dropped 3.4 percent after the drugmaker said it would be “challenging” for it to meet its 2014 sales target. United Technologies Corp., a supplier of helicopters and jet engines to the military, retreated 1.2 percent after saying the shutdown would lead to as many as 5,000 temporary layoffs. Boeing Co. sank 2.2 percent as industrial stocks led losses among S&P groups. PulteGroup Inc. slid 2.4 percent as all 11 members of an S&P gauge of homebuilders fell.