Nov. 13 (Bloomberg) -- U.S. stocks fell and the Standard & Poor’s 500 Index retreated to the lowest level since March 2003 on a jump in jobless claims and a worsening outlook for industrial and technology companies.

General Electric Co. dropped below $15 for the first time since 1996 after Citigroup Inc. said the company faces earnings “headwinds.” Dell Inc., the second-biggest maker of personal computers, lost 14 percent as it was added to Goldman Sachs Group Inc.’s “conviction sell” list, while Intel Corp. slid 4.6 percent after saying demand was weaker across its product line.

The S&P 500 retreated 3.5 percent to 822.83 at 1:05 p.m. in New York. The Dow Jones Industrial Average decreased [color="Red"]300.20 points, or 3.6 percent, to 7,982.46. Fifteen stocks fell for every two that rose on the New York Stock Exchange.

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