U.S. Stocks Retreat as Spending Trails Forecast (Correct) 0
U.S. Stocks Retreat as Spending Trails Forecast (Correct)
(Corrects percentage change for oil yesterday in third paragraph after “Offshore Drilling” subhead.) May 28 (Bloomberg) — U.S. stocks retreated, with the Standard & Poor’s 500 Index paring yesterday’s 3.3 percent advance, after personal spending trailed economists’ forecasts and energy companies dropped on President Barack Obama moratorium on new deepwater drilling permits.
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