Economics
U.S. Stocks Fall With Dollar Amid Slow Growth, Fed Rate Bets
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U.S. stocks, Treasuries and the dollar slipped amid a global retreat in some of the year’s most popular trades, as the Federal Reserve did little to alter views on the timing for higher interest rates. Oil rallied.
The Standard & Poor’s 500 Index fell 0.4 percent at 4 p.m. in New York. The Bloomberg Dollar Spot Index dropped 0.5 percent for a sixth day of losses. The yield on 10-year Treasury notes rose four basis points to 2.04 percent, while rates surged on debt from Germany to the Netherlands and Spain. European equities capped the biggest two-day slide this year. Oil jumped to a four-month high.