U.S. Stocks Slip on Earnings as Dollar Tumbles, Bonds Advance
Halliburon Stocks Up, Oil Prices Tank
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U.S. stocks fell as disappointing earnings fueled a pullback from near record levels for benchmark indexes. European equities ended the best rally since 2011, while Treasuries advanced and the dollar’s surge paused.
The Standard & Poor’s 500 Index lost 0.4 percent, as International Business Machines Corp. dropped the most since October. Apple Inc. slid 7.9 percent at 4:34 p.m. in New York after its forecasts missed estimates. The Stoxx Europe 600 fell after nine days of gains. The dollar retreated for the first time in five days, and Treasury 10-year note yields lost three basis points.