Most U.S. Stocks Decline After Dow Briefly Reaches 16,000

Most U.S. stocks fell after the Dow Jones Industrial Average rose above 16,000 for the first time, spurring concern that equities have risen too far, too fast.

Consumer companies and commodity stocks led the retreat. Microsoft Corp. slid 1.7 percent after Bank of America Corp. cut its rating to underperform from neutral. Tyson Foods Inc., the largest U.S. meat processor, advanced 2.3 percent after reporting revenue above analysts’ estimates on a gain in prices and sales volumes for beef and chicken.