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Stocks Slide on Europe Debt Turmoil as Bonds, Gold Rise

Stocks from U.S. to Europe slid as increasing concern over signs of financial stress in Portugal sent investors seeking safety in Treasuries, the yen and gold.

The Standard & Poor’s 500 Index fell 0.4 percent at 4 p.m. in New York, paring an earlier drop of as much as 1 percent. The Russell 2000 Index of smaller companies declined 1 percent. The Stoxx Europe 600 Index tumbled 1.1 percent to the lowest since May. Portugal’s 10-year bond yield jumped 21 basis points to