U.S.
stocks fell, with equities posting their longest losing streak since
January, after the biggest slump in eight years for Chinese shares amid
concern over the nation’s economic growth.
The
Standard & Poor’s 500 Index slid 0.6 percent to 2,067.85 at 4 p.m.
in New York, after touching its average price during the past 200 days.
The
S&P 500 has declined for four weeks out of five, and closed Monday 3
percent away from its May record. The benchmark measure is up 0.2
percent for the month. The bull market that already rivals anything
since World War II in duration is showing signs of fatigue, as U.S.
equities are being pushed along by the fewest stocks in more than 15
years.
More
than 100 percent of this year’s increase in the S&P 500 is
attributable to two sectors, health-care and retail. That’s the tightest
clustering for an advancing year since at least 2000, data compiled by
Bloomberg show.
Source: Bloomberg
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