Commodity stocks, lagging behind the Standard & Poor’s 500 Index by the most in 15 years, are poised to rally as analysts estimate profits will rise almost twice as fast as the rest of U.S. industry in 2014.
U.S. stocks fell, sending the Standard & Poor’s 500 Index down for a fourth straight day, after European Central Bank President Mario Draghi failed to reassure investors on immediate efforts to bolster the economy.
Global bonds plunged for a second straight month in June, stocks tumbled and the dollar began to rebound as the Federal Reserve set a timetable for ending the stimulus that drove equities to record highs and debt yields to record lows. Emerging markets suffered as China created a cash squeeze and protests turned violent from Turkey to Brazil.
U.S. stocks fell, putting the Standard & Poor’s 500 Index on pace for its worst month since September, as housing data disappointed and concern grew about Greece’s future in the euro and the health of Spanish banks.
U.S. stocks declined, snapping a two-day advance in the Standard & Poor’s 500 Index, as an increase in Italian borrowing costs deepened concern Europe will struggle to contain its sovereign debt crisis.
U.S. stocks advanced, sending the Standard & Poor’s 500 Index up for a third day, as higher-than- estimated profit at Dell Inc. and a dividend increase at Nike Inc. overshadowed concern China’s steps to slow inflation will stifle global economic growth.