U.S. Stocks Fall; Euro Gains With Pound on Economic Data

U.S. stocks fell for the third time in four days as American International Group Inc.’s profit disappointed investors and Twitter Inc. slumped. The euro and Spanish bonds gained on signs economies are strengthening.

The Standard & Poor’s 500 Index fell 0.9 percent at 4 p.m. in New York as AIG led financials lower. The Nasdaq Composite Index sank 1.4 percent while Twitter slid 18 percent and an exchange-traded fund tracking social media stocks slid to the lowest since July. Ten-year Treasury yields lost 1.5 basis points to 2.59 percent. The euro rose 0.4 percent versus the dollar while the pound added 0.7 percent. Spain’s 10-year yield fell to a record. Nickel and lead rose at least 0.9 percent.