Downward revision of US growth pushes S&P 500 down

On Tuesday S&P declined for the fifth session in a row dropping 0.4% or 4.94 points and closing at 1,188.04. Utility and energy companies led the decline while consumer staples and health care were the best players among 10 industries. Hewlett-Packard Co a blue-chip company lost 0.8% after Meg Whitman, chief executive recommended investors to reduce expectations about fiscal performance in 2012.