Stocks Drop on Economy Data as Gasoline Surges on Supply Concern

U.S. stocks extended their worst weekly decline since June, while the dollar and Treasuries rose, as reports showed weakening economic growth. Gasoline surged on concern about tighter supplies in the U.S. East Coast.

The Standard & Poor’s 500 Index slipped 0.5 percent to 1,440.67 at 4 p.m. in New York, finishing the week down 1.3 percent. The Stoxx Europe 600 Index declined 1.2 percent and tumbled 2.7 percent in five days. Ten-year Treasury yields fell two basis points to 1.63 percent after losing six points earlier. The dollar rose against 13 of 16 major peers. Gasoline jumped the most since March, leading commodity gains.