U.S. stocks declined, halting the Standard & Poor’s 500 Index’s longest winning streak since September, after disappointing earnings reports from AT&T Inc. and Amgen Inc. and an unexpected drop in home sales.
U.S. stocks fell, after the Standard & Poor’s 500 Index reached a record, as investors weighed federal budget negotiations and better-than-estimated economic data to gauge the timing of any Federal Reserve stimulus cuts.
U.S. stocks rose, with the Standard & Poor’s 500 Index erasing a loss for 2014 to close at a record, as the World Bank lifted its global growth forecast and Bank of America Corp.’s profit spurred a rally in financial shares.
Silver, heating oil and gold led declines in commodities while Treasuries rose and U.S. benchmark stock indexes traded at or near all-time highs. European equities retreated from the highest level since 2008 while Italian bonds advanced as the nation sold debt.
U.S. stock-index futures extended losses and Treasuries rallied after gross domestic product grew less than estimated in the second quarter, adding to concern the economic rebound is slowing as the federal government inches closer to default. Gold gained.