S&P 500 Erases 2015 Gain While Yemen Tensions Boost Crude

U.S. stocks fell for a fourth day in their longest slide since January, as declines in transportation shares overshadowed a rebound in technology companies. Treasuries tumbled amid weak auction demand, while oil advanced as Saudi Arabia bombed targets in Yemen.

The Standard & Poor’s 500 Index slipped 0.2 percent by 4 p.m. in New York, erasing its advance in 2015. The gauge fluctuated between gains and losses throughout the session after earlier sinking as much as 0.8 percent. The Stoxx Europe 600 Index fell 0.9 percent. Yields on 10-year Treasury notes rose six basis points to 1.99 percent, while the Bloomberg Dollar Spot Index climbed 0.3 percent. U.S. crude advanced for a fifth day, and gold extended its longest rally since August 2012.