S&P 500 Ekes Out Gain After Testing 2015 Low; Treasuries Advance
- Major equity indexes on track for worst quarter since 2011
- Nasdaq at August low, Russell 2000 in worst slump since 2006
Global Metals Collapse Takes Down Miners Too
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Financial markets remained on edge as U.S. stocks flirted with August lows before rallying in late trading, while gauges of European and emerging-market equities fell, headed for their biggest quarterly retreats in four years.
The Standard & Poor’s 500 Index fell within 0.3 percent of a nadir reached during last month’s rout before rebounding in the last 30 minutes to close higher. The gauge is still poised for its worst quarter since 2011. Selling in biotech and technology stocks sent the Russell 2000 Index to its longest slump since 2006 and briefly pushed the Nasdaq Composite below its August close. Ten-year Treasuries climbed, sending yields to a one-month low.