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July 7 (Bloomberg) — U.S. stocks fell, after a weekly rally pushed benchmark gauges to record levels, as investors weighed valuations and speculated the Federal Reserve may raise interest rates sooner than expected.

GT Advanced Technologies Inc. sank 11 percent after Canaccord Genuity Group Inc. downgraded the stock to hold from buy. King Digital Entertainment Plc added 4.6 percent as Piper Jaffray Cos. advised investors to buy shares in the creator of the Candy Crush Saga video game.

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