Stocks Declined on Thursday, ending a three-day advance for the Standard & Poor's 500-stock index, as commodities are concerned about Fell a Chinese Economic Slowdown. Industrial and commodity shares slumped as China raised by The Most Fuel Prices in Two years and BHP Billiton Said the nation's steel production Slowing WAS. Caterpillar and Alcoa dropped 1.5 percent more Than. Adobe Systems SANK 3.9 percent was emperor profit forecast missed Some Estimates. Bank of America Jumped 2.9 percent. Tiffany surged 6.7 percent After forecasting profit that beat forecasts. The Standard & Poor's 500-stock index retreated 04.23 points, 0.30 percent, to 1,405.52, After Advancing on Wednesday to The Highest level since May 2008. The Dow Jones industrial average Declined 68.94 points, or 0.52 percent, to 13,170.19. The Nasdaq composite index Fell 4.17 points, or 0.14 percent, to 3,074.15. "A Chinese Slowdown is inevitable," Peter Jankovskis, an investment manager at Oakbrook Investments in Lisle, Ill., Said. "It's possible, Some Of That Will take the heat out of commodities. Yet China is not the only growth story out there. China Will Be continues to year major player, the goal US Economy Seems To Have found icts legacy. " Gold Declined for the second time in Three sessions are concerned That Demand Will Drop In India and China, the world's biggest buyers. Silver aussi retreated. China may Reduce Purchases as the economy slows and Fuel Costs Rise, According To Frank Lesh, a trader at FuturePath Trading in Chicago. Equities Fell have raised China Fuel Prices for the second time in less Than six weeks. The nation's vehicle sales may miss industry forecasts this year as growth slows économique, an official from the China Association of Automobile Manufacturers said. BHP Billiton, the mining company, China's steel production Said Slowing WAS. In the United States housing starts in February hovered near a three-year high. Companies depend on MOST Had the Biggest Economic Growth Declines in the S high risk personal loans. & P. 500. The Dow Jones transportation average retreated 1.3 percent. A gauge of home builders in S. & P. indexes dropped 1 percent as 10 of 11 icts stocks fell. Measures of industrial and commodity shares in the S. & P. 500 dropped 0.5 percent more Than. Caterpillar slumped 2.61 percent, to $ 110.76. Alcoa slid 1.51 percent, to $ 10.44. Peabody Energy, the biggest coal producer in the United States, Declined 5.38 percent, to $ 31.64. Adobe SANK 3.91 percent, to $ 33.16. Some EXCLUDING costs: profit Will Be 57 to 61 cents a share in the second quarter, Adobe said. The midpoint of That range, 59 cents, 60 cents missed the Predicted by analysts, data compiled by According To Bloomberg. Walt Disney dropped 0.46 percent, to $ 43.24. The company Said the box-office disappointment "John Carter" will post a loss of about $ 200 million. A rally in Financial Companies Helped the S. & P. 500 trim a decline of as much as 0.9 percent. The KBW Bank Index added 0.4 percent. Bank of America rallied 2.94 percent, The Most in the Dow, to $ 9.81. Morgan Stanley Gained 1.74 percent, to $ 20.41. The Jefferies Group climbed 2.26 percent, to $ 19.49. The company has profit Reported That Was smaller decline analysts Than Estimated as net revenue climbed to a record. Tiffany surged 6.68 percent, to $ 73.27. The company is Benefiting from stock-market gains That Have Prompted consommateurs to luxury jewelry Purchases summary, a turnabout from January, When the weak retailer Said Spending by Customers in the United States Slowed HAD holiday sales. Apple added 0.81 percent, to a record $ 605.96. The company disclosed Monday they plan to pay a dividend and buy back stock. Interest rates Declined Thursday FOLLOWING the longest rise since 2006. The Treasury's benchmark 10-year notes rose 3/32, 96 to 26/32, and the yield slipped to 2.36 percent from 2.38 percent late Monday.
Stocks and Bonds: Shares Fall on Concerns of a Slowdown in ChinaHot News: Putin's Big Promises by Need Fueling High Oil Prices