U.S. stocks erased gains as investors sold equities in the final 30 minutes of trading before changes to MSCI Inc. indexes, trimming an earlier rally after improved housing data. Treasuries advanced while Europe’s benchmark gauge fell for the first time in three days.
The Roman Catholic Archbishop of Washington and the archdiocese’s schools failed to persuade a judge to delay her order that they provide cost-free coverage for contraceptive services to employees to comply with Obamacare.
The Catholic Church isn’t harmed by the U.S. Affordable Care Act’s requirement for providing employees with insurance coverage for contraceptives, a judge ruled, throwing out most of a lawsuit challenging the provision.