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.
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.
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.
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.
For the first time on record, initial public offerings on the Nasdaq Stock Market are lagging behind U.S. equities after more than doubling the Standard & Poor’s 500 Index’s return every year in the past decade.
Most U.S. stocks rose, recovering from an early drop, as American International Group Inc. led financial shares higher after announcing $4.3 billion in bank credit lines. Treasury two-year notes erased losses after a $35 billion auction, while oil retreated from a 26-month high.