Economics
Stocks, Commodities Retreat on China as Treasuries Halt Slump
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Stocks fell, pulling the Standard & Poor’s 500 Index down from an almost four-year high, and commodities slid amid concern growth will slow in China. Treasuries rebounded following the longest drop since 2006.
The S&P 500 slipped 0.3 percent to 1,405.52 at 4 p.m. in New York and the MSCI All-Country World Index fell 0.7 percent, snapping a three-day rally. The S&P GSCI Index declined 1.5 percent as lead, silver and corn led losses among 21 of 24 commodities. Ten-year Treasury yields slipped two basis points to 2.36 percent after increasing for nine straight days. The dollar rose versus 15 of 16 major peers.