U.S. Stocks Fall as Budget Negotiations Overshadow Greece
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U.S. stocks fell for a second day as concern about progress in Washington budget negotiations overshadowed a European agreement on Greece aid and a better-than-forecast report on durable goods.
Nine of 10 groups in the Standard & Poor’s 500 Index fell. Hewlett-Packard Co. lost 3 percent after Autonomy Corp.’s former chief executive officer challenged the computer maker’s board to explain allegations that the software company falsified financial statements. Seagate Technology Plc slid 5.1 percent as CLSA Asia-Pacific Markets said the magnitude of the personal-computer slowdown in emerging markets was worse than thought.