Euro Drops With Commodities on European Crisis
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U.S. stocks fell for a third day and commodities dropped as European leaders clashed on ways to stem the debt crisis and reports from China and Germany signaled the slowdown is deepening. Treasuries rose and the euro slid.
The Standard & Poor’s 500 Index slid 0.2 percent to 1,456.89 as of 4 p.m. in New York for the longest streak of losses in seven weeks. The MSCI All-Country World Index lost 0.4 percent. The euro weakened 0.4 percent to $1.2929. The S&P GSCI gauge of 24 commodities retreated 1 percent as oil slumped 1 percent. Ten-year Treasury notes gained for a sixth day.