World Economy

US Stocks Decline

US Stocks DeclineUS Stocks Decline

US stocks fell after data showed inflation firming, and Federal Reserve Chair Janet Yellen said she expects to raise interest rates this year, though the pace of further increases will be gradual, Bloomberg reported. Airline shares dropped, and Boeing Co. lost 1.7%. Energy companies retreated with the price of oil, and a stronger dollar weighed on consumer staples. Hewlett-Packard Co. added 2.8% after its results exceeded forecasts. Intuit Inc. climbed 2.5% as quarterly sales beat estimates. Deere & Co. advanced 4.4% after raising its 2015 profit forecast. The Standard & Poor’s 500 Index slipped 0.2% amid a late selloff to 2,126.06 at 4 p.m. in New York.