Economics

S&P 500 Slips After Best 2014 Week as Oil Sinks With Real

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The Standard & Poor’s 500 Index fell, following its best week this year, as commodity stocks tumbled and investors assessed economic data. Oil slid and Brazilian assets dropped after an election, while Twitter Inc. sank in extended trading on a slowdown in user growth.

The S&P 500 fell 0.2 percent to 1,961.63 by 4 p.m. in New York, paring an earlier drop of as much as 0.7 percent, while the Dow Jones Industrial Average rose 0.1 percent. Brazil’s real weakened to a nine-year low versus the dollar and Petroleo Brasileiro SA tumbled 12 percent. West Texas Intermediate crude touched a 28-month low and Brent oil sank. The Bloomberg Dollar Spot Index slid 0.2 percent. TwitterBloomberg Terminal tumbled about 9 percent after hours as it reported a drop in growth of active users.