U.S. stocks declined, halting the Standard & Poor’s 500 Index’s longest winning streak since September, after disappointing earnings reports from AT&T Inc. and Amgen Inc. and an unexpected drop in home sales.
Pakistan raised $1.13 billion in an auction of licenses to run third- and fourth-generation mobile- phone networks that will help boost the country’s foreign reserves in an economy hit by energy shortages.
Genworth Financial Inc. plans to raise as much as $700 million by selling a minority stake in its Australian mortgage guarantor, in what may be the biggest share sale in the country for more than three years.
Emerging-market stocks dropped, European shares snapped the biggest three-day rally since June and copper retreated as a report signaled continuing weakness in China’s economy. U.S. stocks were little changed as investors analyzed earnings from AT&T Inc. to Boeing Co.