U.S. stocks fell, with the Standard & Poor’s 500 Index dropping for the first time in seven sessions, as General Electric Co. led industrial shares lower to offset gains among energy producers.
U.S. stocks fell for the week as lower estimates for global growth and escalating violence across Iraq halted a three-week rally that sent benchmark indexes to all-time highs.
Shares of small-cap consumer- discretionary companies are outpacing the market on investor optimism about U.S. growth prospects, a sign analysts could increase earnings forecasts for these stocks.
U.S. stocks rose, with the Standard & Poor’s 500 Index paring its first weekly decline in a month, as a rally in Intel Corp. and corporate deals overshadowed concern that violence in Iraq will disrupt oil supplies.
Lately, the higher the Standard & Poor’s 500 Index goes, the less investors care.
Vale SA, the world’s largest iron-ore producer, posted its worst streak of monthly losses in five years as prices for the steel-making ingredient sink.
"This was a' steady as she goes' speech."
- Lawrence Creatura on Jul 15, 2014