Stocks Drop as GDP Trails Estimates While Treasuries, Euro Gain

Stocks fell, trimming a fourth straight weekly gain for the Standard & Poor’s 500 Index, and Treasuries gained after the U.S. economy grew less than forecast. The euro increased amid optimism Greece was making progress in debt-restructuring talks with bondholders.

The S&P 500 slipped 0.2 percent to close at 1,316.33 at 4 p.m. in New York, leaving it up less than 0.1 percent for the week. Ten-year Treasury yields fell four basis points. The S&P GSCI Index of commodities added 0.3 percent as gasoline and natural gas increased at least 2.7 percent. The euro increased 0.9 percent to $1.3229, a six-week high, while the Italian 10-year note yield lost 15 basis points to 5.90 percent after borrowing costs declined at a bill auction.