Pursuits
U.S. Stocks Fall While Commodities Gain, Treasuries Rise
This article is for subscribers only.
U.S. stocks slid amid concern corporate earnings will disappoint investors and after the International Monetary Fund cut growth forecasts. Oil surged as Mideast tensions flared; Treasuries rose and the euro weakened.
The Standard & Poor’s 500 Index decreased 1 percent to 1,441.48 at 4 p.m. in New York while the Stoxx Europe 600 Index lost 0.5 percent. The S&P GSCI gauge of 24 commodities was 1.6 percent higher as oil surged more than 3 percent after Turkey sent more weapons to the Syrian border. U.S. 10-year note yields dropped three basis points to 1.71 percent, while the dollar climbed versus 12 of its 16 major peers.