U.S. stocks fell, pushing the Nasdaq 100 Index to its biggest three-day retreat since 2011 and erasing the year’s gains in the Standard & Poor’s 500 Index, as technology shares extended last week’s selloff.
U.S. stocks fell, pushing the Nasdaq 100 Index to its biggest three-day retreat since 2011, as technology and consumer shares extended last week’s slide. European equities fell from a six-year high and Treasuries rose.
The Standard & Poor’s 500 Index climbed to a record as consumer and technology shares rallied while Treasuries fell after manufacturing data boosted optimism in the economy. Emerging-market stocks rose and oil tumbled.
U.S. stocks rose, as consumer and technology shares pushed the Standard & Poor’s 500 Index to an all-time high, after an increase in a manufacturing index boosted optimism the economy withstood severe winter weather.
Treasuries rose and the Standard & Poor’s 500 Index retreated after touching an intraday record yesterday on signs U.S. consumer confidence is flagging. The yen gained amid concern a weaker Chinese yuan will hurt growth while natural gas led commodities lower.
Options tied to gains in the benchmark gauge for American stock volatility reached the highest prices in six years last week, reflecting bets that the calm prevailing in equities for the last year won’t last.
U.S. stocks fell, sending the Standard & Poor’s 500 Index to its worst January since 2010, as earnings reports at Amazon.com Inc. and Mattel Inc. disappointed investors and turmoil in emerging markets continued.