Economics
U.S. Stocks Decline on Economic Data Amid Iraq Tension
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U.S. stocks retreated, with the Standard & Poor’s 500 Index falling a third day, after data showed a rise in jobless claims and a smaller-than-estimated gain in retail sales.
Delta Air Lines Inc. fell the most in the benchmark index as the price of oil surged after violence in Iraq threatened to disrupt supplies. Newfield Exploration Co. and Noble Corp. climbed at least 2.4 percent as oil and gas companies rallied. Hewlett-Packard Co. added 1.7 percent after Goldman Sachs Group Inc. raised its rating on the personal-computer maker.