U.S. stocks and Treasuries fell as housing and manufacturing data fueled speculation the Federal Reserve may reduce its asset-buying this year as investors weighed earnings reports from Apple Inc. to Caterpillar Inc.
U.S. stocks fell for a second day as retailers posted results that disappointed investors while trade data fueled concern the Federal Reserve may begin to reduce its bond purchases this year. Treasuries slid, while the euro gained as reports signaled European economies are recovering.
U.S. stocks fell, sending the Standard & Poor’s 500 Index lower after a record high, as data showed American manufacturing slid in March. The yen rose to a three-week high, while commodities tumbled after economic reports from Japan, China and South Korea missed estimates.
Knight Capital Group Inc. faced growing pressure to find a savior as clients from Citigroup Inc. to Vanguard Group Inc. curtailed business with the firm following a software bug that triggered a $440 million loss.
Baidu Inc. dropped the most in two months, leading a decline in U.S.-traded Chinese stocks, on concern the nation’s largest online search engine will see a drop in advertising revenue as the economy slows.
Disruptions such as last month’s three-hour shutdown by the Nasdaq Stock Market will never be completely preventable and U.S. regulators shouldn’t make perfection their goal, according to a Bloomberg Global Poll.
U.S. stocks fell, following the biggest drop since November for the Standard & Poor’s 500 Index, as concern grew that the U.S. Federal Reserve may slow the pace of stimulus and investors weighed corporate earnings.