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Nasdaq Composite Drops With Tech Shares; Treasuries Climb

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U.S. stocks fell, paring the best month for the Nasdaq Composite Index since 2012, as technology stocks retreated. Treasuries strengthened as investors assessed economic data for clues on the timing of any interest-rate increase.

The Nasdaq Composite fell 0.5 percent at 4 p.m. in New York, as Apple Inc. and Facebook Inc. paced declines. The Standard & Poor’s 500 Index slipped 0.3 percent with eight of 10 main groups retreating, led by technology shares. The benchmark gauge gained 5.5 percent in February, the most since 2011. The Stoxx Europe 600 rose 0.4 percent. The Bloomberg Dollar Spot Index fell 0.1 percent, while the yield on 10-year Treasury notes lost four basis points to 1.99 percent. West Texas Intermediate jumped 3.3 percent.