U.S.
stocks fluctuated as Netflix Inc. boosted consumer shares, while
chipmakers tumbled. Greek bonds fell as pressure mounted for the country
to secure funding, while oil pared losses and copper soared.
The
Standard & Poor’s 500 Index lost 0.1 percent at 1:01 p.m. in New
York, after closing 0.5 percent below an all-time high. Netflix surged
16 percent to a record, while a semiconductor gauge lost 0.6 percent.
The Stoxx Europe 600 Index dropped 0.7 percent from an all-time high.
The yield on Greece’s 10-year bond increased to the highest in more than
two years. The Bloomberg Dollar Spot Index slid for a third day. Oil in
New York was little changed after earlier sliding more than 2 percent.
Netflix
rallied on higher subscriber numbers, while a weak sales forecast sent
SanDisk Corp. lower by 5.4 percent. The dollar slipped as reports showed
U.S. housing starts rose less than forecast in March while initial
jobless claims unexpectedly gained last week, adding to signs growth is
losing momentum. Oil has rallied more than 16 percent in April. Greece
is facing a financing crunch that Germany’s Finance Minister says isn’t
likely to be resolved before a meeting of euro-area lawmakers next week.
Source: Bloomberg
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