U.S. Stocks Decline on Comments From Draghi, Earnings Reports

U.S. stocks fell, after a two-day advance in the Standard & Poor’s 500 Index, as corporate earnings reports disappointed and European policy makers warned the euro’s advance could hamper the region’s recovery.

Sprint Nextel Corp. fell 0.5 percent as the third-largest U.S. wireless carrier reported a drop in monthly contract subscribers. Akamai Technologies Inc. tumbled 15 percent after its forecast missed estimates. Apple Inc. rallied 3 percent as the iPhone maker said its management team and board of directors have been in “active” talks to return more cash to holders after David Einhorn urged the company to do so.