The Nasdaq Composite Index fell for the week, while the Standard & Poor’s 500 touched a record, as a selloff in the bull market’s biggest winners overshadowed optimism on Federal Reserve monetary stimulus.
U.S. stocks tumbled, with the Nasdaq Composite Index falling the most in two months, as investors continued a selloff of the bull market’s biggest winners. Treasuries rallied as jobs data boosted speculation the Federal Reserve will remain accommodative on rates.
U.S. stocks fell, with the Nasdaq Composite Index sliding the most in two months, after large technology stocks from Google Inc. to Yahoo Inc. plunged as investors sold the bull market’s biggest winners.
The polar vortex that blanketed big swaths of the U.S. with snow this winter is also giving cover to companies seeking to explain why earnings rose last quarter at the slowest pace in almost two years.
The Standard & Poor’s 500 Index fell, giving the gauge its worst week since January, Treasuries were little changed and gold rose as investors sought haven assets after talks failed to resolve the Ukraine standoff before Sunday’s Crimea referendum.
U.S. stocks rose as better-than- forecast growth in American manufacturing and Facebook Inc.’s $19 billion WhatsApp Inc. deal overshadowed concern over the global economic outlook. Treasuries fell and shares in European emerging markets dropped while natural gas slipped.