Pursuits
U.S. Stocks Decline as Concern Over Budget Debate Erases Rally
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U.S. stocks fell, halting a two-day gain in the Standard & Poor’s 500 Index, as concern about the federal budget debate erased a rally led by Home Depot Inc.
Microsoft Corp. slipped 3.2 percent after saying its Windows president is departing. AK Steel Holding Corp. tumbled 18 percent as it forecast a wider-than-anticipated fourth-quarter loss with a decline in prices for the last three months of the year. Home Depot, the largest U.S. home improvement retailer, rallied 3.6 percent after profit beat estimates.