S&P 500 Tumbles as Apple Sinks While Dollar, Bonds Climb

U.S. stocks fell the most in eight weeks as Apple Inc. tumbled and concern grew over tensions overseas. The dollar extended a four-year high as improving economic data fueled speculation the Federal Reserve is moving closer to raising interest rates.

The Standard & Poor’s 500 Index lost 1.6 percent at 4 p.m. in New York, falling below its average price for the past 50 days for the first time since August. The Nasdaq 100 Index tumbled 2.1 percent, the most since April, as Apple dropped 3.8 percent. The MSCI Emerging Markets Index declined to the lowest since May. The Bloomberg Dollar Spot Index climbed for a fifth day and the euro touched a 22-month low. The yield on 10-year Treasuries dropped 6 basis points to 2.51 percent. Gold rose, erasing a loss.