Stocks Fall, Commodities Trim Gain on ISM Data, Budget

U.S. stocks fell, halting a three-day gain, and commodities trimmed an early advance as a contraction in American manufacturing and concern about the budget debate overshadowed optimism on China’s economy. Treasuries and the dollar fell.

The S&P 500 fell 0.5 percent to close at 1,409.46 at 4 p.m. in New York after climbing as much as 0.5 percent. The Stoxx Europe 600 Index pared gains after rising above its highest closing level in 18 months. The S&P GSCI Index of raw materials was up 0.1 percent after rallying 1.1 percent. The Dollar Index slid to a one-month low while 10-year Treasury yields added one basis point to 1.62 percent.