U.S. stocks halted the
longest rally since January as protesters clashed with police in Athens
while Greece’s parliament debated a bailout package. Treasuries rose as
comments from the Federal Reserve fueled speculation interest rates
won’t rise rapidly this year.
The Standard &
Poor’s 500 Index fell 0.1 percent at 4 p.m. in New York. The gauge
traded little changed for most of the session following a 3 percent
rally over four days. The yield on 10-year Treasury notes lost five
basis points to 2.35 percent. Canada’s dollar tumbled after the central
bank cut its benchmark rate, sparking a rout in commodities currencies.
The Bloomberg
Commodity Index lost 0.9 percent, as a rally in the dollar damped demand
for assets from precious metals to oil. The Canadian dollar fell to its
lowest since 2009, while the New Zealand and Australian currencies also
tumbled to multi-year lows.
The S&P 500 surged
3 percent in the previous four days. The rally began as the Greek debt
crisis neared a resolution and China shares stabilized after a rout. The
U.S. gauge fell as much as 4 percent from its all-time high before
rebounding.
Source: Bloomberg
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