U.S. Stocks Retreat After S&P 500 Rallies for Six Weeks
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U.S. stocks fell after a six-week rally left the Standard & Poor’s 500 Index at its most expensive valuation since July 2011.
BlackBerry shares slid 4.6 percent while Apple Inc. rose 1 percent, after Home Depot Inc. said it will exchange 10,000 BlackBerry models with iPhones. Google Inc. declined 0.4 percent as Chairman Eric Schmidt adopted a plan to sell as many as 3.2 million shares in the operator of the world’s most popular search engine. AOL Inc. jumped 7.4 percent after an analyst recommended investors buy the shares.