U.S. Stocks Fall With Treasuries; Commodites Rally
U.S. stocks fell after the best four-day rally in a year for the Standard & Poor’s 500 Index. Treasuries slid amid comments from Federal Reserve officials signaling continued stimulus cuts, while Chinese data spurred a rally in copper.
The S&P 500 declined less than 0.1 percent at 4 p.m. in New York after rallying 3.9 percent in the previous four sessions. Ten-year yields climbed to the highest in two weeks. The Stoxx Europe 600 Index added 0.8 percent for a sixth day of gains. The euro fell against the dollar on speculation the European Central Bank may charge lenders to deposit spare cash. Turkey is selling the longest-dated dollar bonds on record. The S&P GSCI gauge of 24 raw materials rose 0.2 percent as oil held gains above $100 and copper gained the most in a month.