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(Bloomberg) U.S. stocks declined, erasing earlier gains after benchmark indexes approached five-year highs, amid concern that global stimulus measures won’t be enough to boost growth at the world’s largest economy.

Apple Inc. (AAPL) dropped 2.5 percent, extending a two-day decline to 3.8 percent, the most since July. Caterpillar Inc. (CAT), the world’s biggest construction and mining equipment maker, slumped 4.3 percent after cutting its forecast for 2015 earnings. The Standard & Poor’s 500 Index retreated 1.1 percent to 1,441.59 at 4 p.m. New York time, the biggest decline since June 25. The index dropped a fourth day. The Dow Jones Industrial Average decreased 101.37 points, or 0.8 percent, to 13,457.55. Volume for exchange-listed stocks in the U.S. was 6.7 billion shares today, or 12 percent above the three-month average.

Stocks gained earlier today as data showed confidence among American consumers rose in September to a seven-month high. Home prices climbed more than forecast in July from a year earlier. Both the S&P 500 (SPX) and the Dow average are near their all- time highs of October 2007 as investors bought equities amid optimism about better-than-estimated earnings and central bank stimulus measures. The Dow needs to rise 5.3 percent to reach its peak of 14,164.53, while the S&P 500 needs an increase of 8.6 percent to reach its record of 1,565.15.

The more aggressive selling may have been sparked by reports of violence in Madrid, where anti-austerity protesters clashed with police. The government will unveil its 2013 budget Thursday, and it will likely include more painful cuts to the public sector. Spain already has slashed outlays for such items as education, health care and public-sector pay.

Brent crude rose on Tuesday in choppy trade as tensions over Iran reinforced the geopolitical fear premium and concerns about slowing global economic growth pressured U.S. oil prices.

Malaysia shares may fall, tracking declines on Wall Street, on concerns the recent U.S. stimulus may not be enough to boost its economy. Early technical signs such as lower low and lower high formed for the first time after four months in daily chart indicates a possible downtrend. The Stock index has rallied steadily since Oct last year without any major correction above 100 points. For today, spot month contract support level is located around 1,600 while resistance is around 1,625.