U.S. Stocks Drop as Oil Slides; Europe Equities Gain
Wells Fargo's Adams on Greece, Stocks, Fed Policy
U.S. stocks were little changed, with benchmark indexes near all-time highs, as Apple Inc. rallied to send the Nasdaq Composite Index to its ninth straight gain. Oil fell below $50 a barrel, while gold dropped to a seven-week low. The dollar strengthened and Treasuries rose.
The Standard & Poor’s 500 Index fell less than 0.1 percent in New York after closing at an all-time high on Friday. The Nasdaq Composite added 0.1 percent to cap its longest rally since September 2010. The yield on 10-year Treasury notes fell five basis points to 2.06 percent. The euro weakened to $1.1336 at 5:15 p.m. in New York, as a Greek official said the nation was working to finalize a list of pledges to the European Union. U.S. oil fell 2.7 percent, and gold slipped to $1,200.80 an ounce.