Oil and metals led a gauge of commodities down the most since November and U.S. benchmark stock indexes retreated from records while Treasuries rallied after reports on the American economy trailed estimates. Canadian stocks tumbled the most since June.
While stock markets around the world are closed for Good Friday, the U.S. Labor Department will publish its monthly employment report today at 8:30 a.m. New York time. That means another early morning for Wedbush Securities Inc.’s Michael James in Los Angeles.
U.S. stocks rose, extending the biggest first-quarter rally in 13 years for the Standard & Poor’s 500 Index, as a report showing companies added more workers in March bolstered optimism about the economy.
U.S. stocks fell for a second day and Treasuries rose as Senate Majority Leader Harry Reid said budget talks in Washington have made little progress. The dollar strengthened while oil, gold and cocoa led commodities lower.
U.S. stocks fell, trimming the biggest September gain since 1939 for the Standard & Poor’s 500 Index , as investors sold some of the month’s best-performing shares amid speculation that improving economic data will reduce the need for the Federal Reserve to stimulate growth.
Global stocks slid for a seventh day, the longest slump since November, amid concern a faltering economic recovery will hurt corporate profits. The euro fell to a two-year low, the yen and dollar gained and government bond yields from Germany to South Korea fell to records.
U.S. stocks surged, reversing most of yesterday’s plunge, and Treasuries sank as an unexpected drop in jobless claims and higher-than-estimated earnings tempered concern the economy is slowing as Europe’s debt crisis widens. The Swiss franc slid on plans to temporarily peg it to the euro.
U.S. stocks surged, sending benchmark indexes to the highest levels of the month, while the dollar slid amid reports central banks may take steps to help economies battered by Europe’s debt crisis. Treasuries retreated while commodities gained.
U.S. stocks erased early losses as the cheapest price-to-earnings valuation in six months overshadowed a drop in factory orders. Treasury yields rose from records, commodities reversed declines and the dollar fell.