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U.S. Stocks Decline Before GDP Growth Data Amid Greece Concerns

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U.S. stocks slipped, with benchmark indexes trimming their best monthly gains since February, before data Friday that may show the economy contracted in the first quarter while investors watch for progress on Greek debt talks.

Railroads led a drop among transportation companies, and Caterpillar Inc. fell 2.2 percent to lead industrials lower. McDonald’s Corp. lost 1.4 percent to pace a slide in consumer shares. Gains in Eli Lilly & Co. and Actavis Plc. helped lift health-care shares. Abercrombie & Fitch Co. soared 13 percent amid signs of improvement at its Hollister chain.