Pursuits
S&P 500 Trims Longest Monthly Gain in 1 Year on Bernanke
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U.S. stocks fell, trimming the longest monthly rally in a year for the Standard & Poor’s 500 Index, as Federal Reserve Chairman Ben S. Bernanke gave no indication of further measures to stimulate the economy.
Commodity shares had the biggest decline in the S&P 500 among 10 groups as gold tumbled the most since December. Newmont Mining Corp., the largest U.S. gold producer, slumped 4.2 percent. First Solar Inc., the world’s largest maker of thin-film solar panels, retreated 11 percent after reporting an unexpected loss. Apple Inc. topped $500 billion in market capitalization for the first time, rising 1.3 percent.