U.S. Stocks Drop as Commodities Slump Overshadows Housing Data

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The S&P 500 Index rose 0.5 percent on Monday as data showing strong confidence among U.S. homebuilders helped reverse earlier losses spurred by weak manufacturing in the New York region.

Photographer: David Paul Morris/Bloomberg

U.S. stocks fell as concern over slowing growth in China and other developing nations amid a deepening commodities selloff overshadowed improvements in America’s housing market.

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