Dollar Tantrum Screams Louder as Data Cast Doubt on Fed Timing

The dollar fell to a three-month low as rising bond yields in Europe sapped demand for U.S. assets, creating a selloff Goldman Sachs Group Inc. compared to the “taper tantrum” the former Federal Reserve chairman initiated in 2013. Janet Yellen, the current Fed chair, added to the woes by saying long-term interest rates could jump when the central bank raises its benchmark rate, sending U.S. stocks and bonds lower.The Bloomberg Dollar Spot...

Gold Sags as Yellen Cites Prospect for Sharp Jump in Bond Yields

Gold fell for first time this week as Federal Reserve Chair Janet Yellen said bond yields “could see a sharp jump” after the central bank raises interest rates, crimping demand for the metal as an alternate investment. Gold declined in the past two months as speculation mounted that the Fed’s benchmark rate would increase. Treasury yields have been held down by the three rounds of large-scale asset purchases that have swelled the central...

U.S. Stocks Fall for Second Day As Growth Concerns After Data

U.S. stocks fell, sending the Standard & Poor’s 500 Index to its lowest level in a month, as weaker-than-estimated data added to concerns about slowing growth before Friday’s government jobs report. Apple Inc., Hewlett-Packard Co. and Microsoft Corp. dropped for a third session, weighing on technology shares. Alexion Pharmaceuticals Inc. tumbled 8 percent after agreeing to buy Synageva BioPharma Corp. for $8.4 billion, and Pfizer...

U.S. Stocks Fall for Second Day Amid Growth Concerns After Data

U.S. stocks fell, following the steepest decline for equities in more than a month, as weaker-than-estimated data added to concerns about slowing growth before Friday’s government jobs report.The Standard & Poor’s 500 Index fell 0.5 percent to 2,079.78 at 1:00 p.m. in New York, after earlier rising as much as 0.4 percent. The Dow Jones Industrial Average declined 105.10 points, or 0.6 percent, to 17,823.10. The Nasdaq Composite Index...