U.S. Stocks Extend Global Equity Retreat; Treasuries Stabilize

U.S. stocks fell, as global equities joined a selloff in bonds from Japan to Europe. Treasuries recovered from earlier losses amid demand for the securities at a government auction, while the dollar weakened.

The Standard & Poor’s 500 Index dropped 0.3 percent by 4 p.m. in New York. The gauge briefly erased a 0.9 percent slide as yields on the 10-year Treasury note retreated from the highest level since November to decline three basis points to 2.25 percent. The Stoxx Europe 600 Index lost 1.3 percent, while emerging-market shares declined 0.7 percent. The Bloomberg Dollar Spot Index slid 0.5 percent. Oil rallied.