Stocks fell in a broad pullback from a recent rally that pushed Wall Street to fresh records. Even so, the Dow Jones Industrial Average remains roughly 200 points from its all-time intraday high. Delta (DAL) dragged on the industry after cutting its first-quarter margin guidance. The Atlanta-based airline said fuel costs had risen more quickly than expected, eating into its profit margins. Competitors United (UAL) , JetBlue (JBLU) and American Airlines (AAL) were also lower. Valeant (VRX) slumped after announcing that it had used proceeds from a recent sale to pay down its senior secured term loans. The drugmaker successfully closed its sale of skincare products to L'Oreal last week. Goldman Sachs upped its rating on Garmin (GRMN) to NEUTRAL from SELL. The firm said its valuation looks more attractive as consensus estimates appear to bottom out.
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