U.S. Stocks Decline After Inflation Gauge Rises Faster Than Forecast

(Bloomberg) -- U.S. stocks fell after a gauge of
inflation rose more than forecast in the first quarter,
reinforcing speculation the Federal Reserve won't cut interest
rates this year.

Bed Bath & Beyond Inc., the largest U.S. home-furnishings
retailer, dropped after it said earnings may decline because of
the slump in housing. Novellus Systems Inc., the maker of
equipment to produce computer chips, declined after saying
second-quarter profit and sales will be at the bottom end of
its forecast.


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