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U.S. Stocks Slip as Transports’ Decline Offsets Consumer Gains

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U.S. Equities to Suffer From Volatility: Curnitt

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U.S. stocks retreated after the Standard & Poor’s 500 Index climbed within four points of a record, as a drop in transportation companies overshadowed gains in shares of consumer-staples producers.

The Dow Jones Transportation Average dropped 2 percent , led lower by Kansas City Southern Corp.’s 8 percent plunge after it cut its outlook for revenue growth in 2015. The Nasdaq Biotechnology Index fell 2.2 percent after setting a record Friday. Oreo maker Mondelez International Inc. and Reynolds American Inc. rose more than 1.6 percent.