Pursuits
S&P 500 Ends Five-Day Rally Amid Stalemate Over Greek Debt Talks
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U.S. stocks retreated, ending a five-day advance in the Standard & Poor’s 500 Index, amid a stalemate between European finance ministers and Greek bondholders over how to resolve the nation’s debt crisis.
Travelers Cos., the only insurer in the Dow Jones Industrial Average, sank 3.8 percent as earnings fell. McDonald’s Corp. slid 2.2 percent after saying that foreign-currency fluctuations will cut 2012 profit. Verizon Communications Inc. dropped 1.6 percent as it reported a loss. Peabody Energy Corp. declined 1.7 percent as earnings missed estimates. Apple Inc. surged 7.7 percent at 5:07 p.m. New York time after reporting record quarterly sales and profit.