Stocks Slide With Euro on Europe Data; Oracle Shares Drop

U.S. and European stocks slid, the euro weakened and commodities declined after data showed an unexpected contraction in German manufacturing and Cyprus’s president worked on a new plan to obtain a European bailout.

The Standard & Poor’s 500 Index lost 0.8 percent, the most in almost a month, as technology shares tumbled after Oracle Corp.’s results missed estimates. The Stoxx Europe 600 Index sank 0.7 percent. Ten-year Treasury yields lost four basis points to 1.92 percent. The euro fell versus 14 of 16 major peers. Oil and gasoline led commodities lower and natural gas fell after topping $4 per million British thermal units for the first time since 2011. The yen erased yesterday’s 0.9 percent slump versus the dollar.