Oil Heads for Biggest Weekly Gain Since 2011 Amid Slowing Output

Oil headed for the biggest weekly gain in more than four years amid signs a slowing in U.S. production may trim the biggest supply glut since 1930. Futures were little changed in New York and poised for a 9.6 percent advance through April 17, the most since February 2011. Crude output dropped last week while supply from shale formations is forecast to decline in May, according to the Energy Information Administration. The U.S. Senate ...

Dollar Drops Most in 3 Weeks on Signs Economy Is Losing Momentum

The dollar dropped the most in more than three weeks on concern the U.S. economy, one of the strongest among developed countries, has lost traction this year. The greenback fell against all of its major peers as reports on housing starts and jobless claims were weaker than projected, adding to below-forecast readings for American factories, payrolls and retail sales. The dollar’s decline was the most pronounced against so-called commodity...

S&P 500 Fluctuates as Netflix Surges; Dollar, Greek Bonds Slide

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...

U.S. Stocks Little Changed Amid Earnings; Dollar Slips on Data

U.S. stocks were little changed near records as Netflix Inc. rallied, while SanDisk Corp. led chipmakers lower. Greek bonds fell as pressure mounted for the country to secure funding and copper soared. The Standard & Poor’s 500 Index lost 0.1 percent at 4 p.m. in New York, after rising within 0.3 percent of its all-time high. Netflix surged 17 percent to a record. Oil was...

European Stocks Fall as Germany, Italy, Portugal Lead Declines

European stocks fell the most in three weeks, with German, Italian and Portuguese gauges leading declines. The Stoxx Europe 600 Index slid 0.8 percent to 410.93 at the close of trading in London. Germany’s DAX Index, Portugal’s PSI 20 Index and Italy’s FTSE MIB Index slipped at least 1.8 percent. Chemical companies fell the most of the 19 industry groups on the Stoxx 600. Diageo Plc fell 3.6 percent after saying sales unexpectedly slipped...