U.S. Stocks Fall on Service Industry Report; Bed Bath & Beyond Shares Drop

(Bloomberg) -- U.S. stocks dropped after growth in
the service industry accelerated faster than expected, pushing
bond yields to the highest level since August.

A gauge of retailers declined the most among 24 industries
in the Standard & Poor's 500 Index after Bed Bath & Beyond Inc.,
the largest U.S. home-furnishings chain, said falling home sales
hurt its earnings. Exelon Corp. led shares of utilities to the
steepest drop among 10 groups as higher bond yields make their
dividends less attractive.


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