U.S. Stocks Fall on Budget Talks Amid Middle East Tension

Bloomberg – U.S. stocks fell, extending a weekly drop in the Standard & Poor’s 500 Index, as Hamas said it fired at the Israeli parliament in Jerusalem and investors waited for discussions at the White House about cutting the budget deficit. Dell Inc. (DELL) declined 6.8 percent after its revenue forecast missed analysts’ estimates amid a slump in demand for personal computers. Dynavax Technologies Corp. (DVAX) tumbled 49 percent after its hepatitis B vaccine failed to win the backing of U.S. regulatory advisers. Gap Inc. (GPS), the largest U.S. specialty- apparel retailer, increased 1 percent after raising its full- year earnings forecast as sales in North America advanced. Read Article

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