Pursuits
U.S. Stocks Decline Amid Concern About Greek Debt Negotiations
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U.S. stocks declined, following a five-week advance for the Standard & Poor’s 500 Index, amid concern about Europe’s debt crisis as Greek leaders wrestled with spending cuts to get aid and avert a default.
Banks in the S&P 500 dropped 1.1 percent, following a retreat in European lenders. Boeing Co. decreased 1.2 percent as it ordered inspections of 787 Dreamliners after finding signs of fuselage delamination. Toll Brothers Inc. and Lennar Corp. slumped at least 2.3 percent after Raymond James Financial Inc. cut its recommendation for the homebuilders. Medco Health Solutions Inc. tumbled 8.1 percent amid concern that its proposed acquisition by Express Scripts Inc. may be blocked.