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Stocks, Treasuries, Commodities Drop on Fed Speculation

U.S. stocks and commodities slid, while the dollar rallied and Treasuries dropped for a sixth day, amid speculation any Federal Reserve program to boost the economy will be gradual.

The Standard & Poor’s 500 Index lost 0.3 percent to 1,182.45 at 4 p.m. in New York, paring losses as technology companies rallied. Ten-year Treasury yields rose eight basis points to 2.72 percent and the Dollar Index climbed 0.5 percent. The Thomson Reuters/Jefferies CRB Index of commodities fell 0.7 percent as cotton retreated from a record. Argentine stocks trading in New York and the nation’s bonds rallied as the death of ex-president Nestor Kirchner triggered speculation the next leader will reverse debt-management policies.