U.S. Stocks Pare Quarterly Climb as Bonds Jump; Dollar Retreats
- Mining shares snap S&P 500's three-day climb as oil slips
- Greenback caps worst quarterly slump in more than 5 years
What Are the Top Worries for Global Investors?
U.S. stocks fell as the March rebound that had global equities on the brink of erasing losses for 2016 faltered. The dollar capped its worst quarter in more than five years, while Treasuries rallied to send borrowing costs lower.
While the Standard & Poor’s 500 Index’s losses Thursday cut its rally in the quarter to 0.8 percent, it marked the first time since 1933 the gauge has capped a three-month increase after sliding more than 10 percent during the period. Emerging-market stocks added to their own quarterly advance as the Bloomberg Dollar Spot Index posted its worst month since 2010. Treasuries extended their steepest first-quarter gain since the financial crisis, while gold rose to add to its biggest three-month climb since 1986. Crude oil meandered.