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U.S. Stocks Decline as Rate Concerns Grow, Apple Fades

U.S. stocks fell, with the Standard & Poor’s 500 Index declining the most in a month, as concerns grew that the Federal Reserve may raise interest rates sooner than anticipated and a rally in Apple Inc. disappeared.

Apple wiped out a rally of as much as 4.8 percent after unveiling new products including larger-screen iPhones. Garmin Ltd. and Inc. dropped at least 3.5 percent, pacing declines int the technology-heavy Nasdaq 100 Index. McDonald’s Corp. retreated 1.5 percent as its monthly sales missed estimates. Home Depot Inc. lost 2.1 percent after confirming that hackers attacked its computer systems.