U.S. stocks fell for a second day, joining a retreat in global shares after a rout in fixed-income markets spread to equities.
The
Standard & Poor’s 500 Index fell 0.3 percent to 2,099.08 at 4 p.m.
in New York. The gauge all but erased a 0.9 percent slide as the 10-year
Treasury note yield retreated from the highest level since November.
The benchmark index ended Friday two points shy of a record before
declining to start this week.
The
S&P 500 arrested its slide as Treasuries reversed, and energy
shares advanced with the price of crude after the group Monday fell the
most since January.
Source: Bloomberg
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