Skip to content
Subscriber Only

U.S. Stocks Slump With Bonds as Dollar Fluctuates: Markets Wrap

  • Europe shares edge lower on volumes 17% below average
  • German debt leads bond gains; sterling weakens second day
Bloomberg business news

BMO's Belski Decries the Lost Art of Stock Picking

Updated on

U.S. stocks headed for the third decline in four days, Treasuries slipped and the dollar churned in place as investors come to terms with the likelihood that interest rates will rise next week.

The S&P 500 Index slumped to 1.2 percent below its all-time high with the Federal Reserve all but certain to raise borrowing costs March 15. Energy producers led declines, and health-care shares slid Tuesday after President Donald Trump promised in a tweet to lower drug prices in the U.S. Large-cap tech shares advanced. The yield on 10-year Treasury notes rose to 2.51 percent, while the dollar was little changed. Copper fell to a one-month low.