More than two months after Pacific Investment Management Co.’s former Chief Executive Officer Mohamed El-Erian announced his resignation from the world’s biggest bond manager, Bill Gross is still looking for a reason.
U.S. shares fell, following yesterday’s worst drop in a month, as financial and technology shares led losses. Emerging-market stocks climbed to a two-month high as Brazilian equities surged. Oil rose while gold slipped.
Emerging-market stocks declined, capping the biggest weekly slide since November, amid concern tension between Russia and Ukraine will escalate. Brazil’s Ibovespa slumped into a bear market as homebuilders retreated.