U.S. Stocks Join Global Retreat in Equities Amid Data

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U.S. stocks halted a two-day rally, joining a global decline in equities, as mixed data added to U.S. growth concerns and speculation rose that Greece won’t be able to resolve its debt crisis.

Apple Inc. lost 1.6 percent, and semiconductors fell 1.8 percent. The Nasdaq Biotechnology Index slid 1.6 percent. Delta Air Lines Inc. and American Airlines Group Inc. declined more than 2.4 percent. Diamond Offshore Drilling Inc. jumped 6.2 percent.

The Standard & Poor’s 500 Index declined 0.7 percent to 2,099.4 at 12:55 p.m. in New York. The Dow Jones Industrial Average slipped 73.70 points, or 0.4 percent, to 17,996.70. The Nasdaq Composite Index dropped 1.2 percent, and the Russell 2000 Index lost 1.2 percent.

Source : Bloomberg