U.S. Stocks Drop on Google Earnings Miss; Spanish Bonds Advance

U.S. stocks fell for the first time in four days after Google Inc. reported lower-than-estimated earnings. The yen weakened, while Spain’s bonds rose as the nation raised more than planned at a debt sale.

The Standard & Poor’s 500 Index lost 0.2 percent to 1,457.34 at 4 p.m. in New York, as Google Inc. sank 8 percent. Spanish 10-year yields fell 12 basis points to 5.34 percent. The yen dropped against most of its major counterparts. Gold futures retreated, while soybeans increased the most in five weeks. Ten-year Treasury yields rose to 1.84 percent.