U.S. stocks fell, giving the Standard & Poor’s 500 Index its longest slump in almost a month, amid concern that Europe’s debt crisis is worsening. Equities pared losses in the final 30 minutes of trading.
U.S. stocks fell, halting a three- day rally, as United Parcel Service Inc. slumped, economic reports missed estimates and uncertainty grew over how much progress European leaders are making in debt-crisis talks.
Most U.S. stocks rose, erasing an earlier slump, as Egyptian President Hosni Mubarak ’s plan to delegate authority to his vice president spurred optimism the nation’s political crisis will not threaten the global economy.
Carlyle Group, pressing ahead with plans for an initial public offering, is meeting privately with analysts to convince them the buyout firm is worth at least as much as its most richly valued competitor, Blackstone Group LP.
U.S. stocks retreated, snapping a four-day rally for the Standard & Poor’s 500 Index, as euro- region governments braced for credit downgrades by S&P and after JPMorgan Chase & Co.’s profit slumped 23 percent.
U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a second day, after orders for durable goods unexpectedly decreased and the Federal Reserve said economic growth slowed in some areas.
Stocks fell, giving U.S. equities the longest slump since November and driving Spanish shares to the lowest level since 2009, after China posted slower-than- forecast economic growth and American consumer confidence weakened. Commodities slid and Treasuries rose.
U.S. stocks fell, sending the Standard & Poor’s 500 Index to a six-week low, as concern that European government debt levels will derail the global recovery overshadowed growth in American service industries and jobs.