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.
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.
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.
U.S. stocks fell this week, trimming the biggest monthly rally for the Standard & Poor’s 500 Index in a year, after economic reports and earnings forecasts from technology companies disappointed investors.
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.