U.S., Emerging Shares Slip on Services as Yen Strengthens

U.S. stocks fell a third day and the gauge for emerging-market shares dropped to a four-month low while the yen gained with Treasuries as data showed growth in the services industries in America and China slowed.

The Standard & Poor’s 500 Index slipped 0.3 percent to a two-week low of 1,826.77 by 4:36 p.m. in New York. The MSCI Emerging Markets Index lost 0.7 percent. The yen climbed against 15 of 16 major peers, while South Korea’s won slumped. The yield on 10-year Treasuries fell four basis points to 2.96 percent. Nickel, lead and cocoa drove commodity declines while coffee jumped a third day, rising to the highest close since September.