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U.S. Stocks Retreat After 4-Day Rally as Retailers Drop

U.S. stocks fell, after a four-day rally lifted the Standard & Poor’s 500 Index to a record, as losses among retailers overshadowed gains in phone shares and utilities before a report tomorrow that may show the economy contracted in the first quarter.

Dollar General Corp. and Lowe’s Cos. slipped more than 2.2 percent after analysts cut their ratings on the shares. Allergan Inc. dropped 5.4 percent as Valeant Pharmaceuticals International Inc. raised its unsolicited offer to about $49.4 billion. Toll Brothers Inc., the largest U.S. luxury-home builder, gained 2.1 percent after reporting that profit more than doubled. Twitter Inc. jumped 11 percent, the biggest increase in a month, after Nomura Holdings Inc. raised its recommendation on the stock.