Economics

Euro Slides on Greece as Oil Falls While Europe Stocks Pare Gain

Photographer: Scott Eells/Bloomberg, Photo Illustration by Tom Hall/Bloomberg
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U.S. stocks fell for the first time in three days, with the Standard & Poor’s 500 Index trimming its ninth quarterly advance. The euro extended losses versus the dollar, while oil led commodities lower for a third straight quarter.

The S&P 500 slid 0.9 percent by 4 p.m. in New York, leaving it up 0.4 percent over the past three months to cap the longest run of quarterly gains since 1998. The Stoxx Europe 600 Index lost 0.6 percent, paring its best quarter since 2009. The euro slid 0.9 percent to $1.0731 in its worst quarter since the 19-nation currency was introduced in 1999. U.S. oil fell 11 percent in the quarter, capping its longest slump since 2003.