Skip to content
Subscriber Only

U.S. Stocks Slip From Records, Treasuries Advance: Markets Wrap

  • S&P 500 halts seven-day rally as banks, energy producers drop
  • Crude, natural gas retreat; Treasury 10-year yield retreats
Bloomberg business news

Citi's Levkovich Sees Positive Surprise Ahead for Markets

Updated on

U.S. stocks halted a seven-day advance as data showing a rebound in consumer spending offset a wider selloff in commodities. Treasuries advanced amid month-end buying.

The S&P 500 Index edged lower from an all-time high banks paced gains while energy producers slumped amid a retreat in crude. Tech shares lifted the Nasdaq 100 Index to a fresh record. The 10-year Treasury note yield fell to 2.21 percent. The Stoxx Europe 600 Index declined a fourth day as data showed euro-area economic confidence fell for the first time this year.