U.S.
stocks fell, after the biggest equities selloff in more than two months
amid the surging dollar, as declines in consumer and technology
companies offset banks’ rebound.
The
Standard & Poor’s 500 Index declined 0.2 percent to 2,040.42 at 4
p.m. in New York. The gauge slipped below its average price for the past
100 days.
The
dollar’s ascent to a 12-year high versus the euro sent American stocks
tumbling yesterday, erasing gains for the year on concern earnings are
in worse shape than investors recognized. The S&P 500 is down 0.8
percent in 2015, with the index trailing all but one of 24 developed
markets.
Source: Bloomberg
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