U.S. Stocks Fall on IMF Outlook, Warning on Stimulus Exit
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U.S. stocks fell, after yesterday’s rally in the Standard & Poor’s 500 Index, as the International Monetary Fund cut its 2014 outlook for America and urged the central bank to carefully manage its exit from stimulus plans.
DuPont Co. and American Express Co. slipped at least 2.2 percent after analysts cut their recommendations. Edwards Lifesciences Corp. slid 2.7 percent after losing a patent-infringement case against Medtronic Inc. GameStop Corp. and Groupon Inc. jumped more than 3.9 percent amid analyst upgrades.