Stocks, Copper Drop, While Dollar Falls Versus Franc; Bonds Gain
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U.S. stocks fell, breaking a three-day streak of gains for the Standard & Poor’s 500 Index, as commodity producers led declines. The dollar slipped versus the Swiss franc for a fourth straight day and Treasuries rose.
The S&P 500 dropped 0.2 percent to 1,335.25 at 4 p.m. in New York as gauges of energy and raw-material companies lost at least 0.6 percent. Oil was little changed, while copper futures plunged 2.2 percent, the most in almost seven weeks, while gold and silver touched records in London. The dollar lost 0.6 percent versus the franc, the most among 16 major peers. Ten-year Treasury yields fell four basis points to 3.36 percent.