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.
U.S. stocks fell, ending a six-day advance in the Standard & Poor’s 500 Index, and Treasuries rose as reports showed weakness in home sales and global manufacturing. Gold climbed from a 10-week low, while Apple Inc. surged in extended trading on better-than-estimated earnings.
Facebook Inc. is putting the brakes on the number of ads that appear within user posts and said that younger teens aren’t using the site as much as they used to, suggesting revenue growth may lose steam.
Facebook Inc., the world’s most-used social networking service, is moving its headquarters to Sun Microsystems Inc.’s former campus in Menlo Park, California, in the area’s biggest office leasing deal in two decades.