Pursuits
S&P 500 Trims Loss Amid Speculation Europe to Take New Steps
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The Standard & Poor’s 500 Index fell, after trimming steeper declines, as speculation European leaders will announce new steps to tame the debt crisis tempered concern the economic recovery is slowing.
Apple Inc. climbed 1.5 percent amid speculation the company is close to introducing a new iPhone with a larger screen and thinner body. Morgan Stanley added 3.4 percent after the shares were upgraded at CLSA Ltd. Netflix Inc. slumped 6.4 percent as Amazon.com Inc. reached a deal with pay-television channel Epix. Facebook Inc. fell 1.8 percent to a record low after Morgan Stanley cut its price forecast on the company’s shares.