U.S. Stocks Slip From Highest This Year as Rally Loses Momentum

  • Equities slip from 2016 highs, VIX rises from 7-month low
  • Virgin America surges 42% on buyout by Alaska Air Group

Global Economy Imbalanced on Inflation Divergence

U.S. stocks slipped from their highest levels this year, with declines in consumer and industrial shares overshadowing gains in health-care companies, as investors looked for fresh reasons to continue a rally.

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