Economics
U.S. Stocks Retreat While Euro Drops on ECB Rate-Cut Bets
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Most U.S. stocks fell, erasing earlier gains, as technology shares reversed a morning rebound from a two-day slump and utility and energy companies slid. European equities gained and the euro fell as the region’s central bank signaled it may cut interest rates in June.
The Standard & Poor’s 500 Index lost 0.1 percent to 1,875.63 at 4 p.m. in New York after earlier climbing to within two points of its record close. The Nasdaq Composite Index fell