Gold Finish Above $1,090, But Stumbles on Rate Fears

Gold prices finished higher in Tuesday trade but encountered late pressure from the U.S. dollar, which rallied after remarks from a Federal Reserve official pointed to a September interest-rate hike. Lockhart becomes the second Fed official in as many days to endorse a September rate hike after St. Louis Fed President James Bullard told The Wall Street Journal on Monday that he was in favor of a move at the Sept. 16-17 meeting. Gold...

Dollar Trades Near 4-Month High as Demand Cools Before Jobs Data

The dollar traded at almost a four-month high as demand slowed with traders reluctant to buy the currency before the Aug. 7 employment report. The greenback fluctuated as July jobs data may help guide Federal Reserve policy makers as they determine whether the economy is expanding fast enough to merit the first interest-rate increase in almost a decade. Fed Bank of Atlanta President Dennis Lockhart said in an interview with the Wall...

U.S. Stocks Slide Amid Allstate, CVS Results; Apple Extends Fall

U.S. stocks declined for a third day, amid disappointing results from Allstate Corp. and CVS Health Corp. while Apple Inc. slipped further into a correction. The Standard & Poor’s 500 Index lost 0.2 percent to 2,093.37 at 4 p.m. in New York, slipping below its average price during the past 100 days. The S&P 500 rose 2 percent in July, the best monthly gain since February, as earnings from Amazon.com Inc. and Google Inc. countered...

Bank Shares Lead European Stock Drop as Greece Falls for 2nd Day

European stocks snapped a five-day winning streak as declines in banks outweighed a surge in miners. Greek shares slid for a second day. Credit Agricole SA dragged lenders to the worst performance on the Stoxx Europe 600 Index, tumbling 10 percent after signaling it failed to win backing from regulators for a reorganization that may free up capital to repay investors. Total SA and Eni SpA pulled oil-and-gas companies down, as crude...

U.S. Stocks Fluctuate Amid Earnings Reports; Apple Extends Fall

U.S. stocks fluctuated, after two days of declines, amid quarterly results from Regeneron Pharmaceuticals Inc. to Allstate Corp. while Apple Inc. slipped further into a correction. Allstate lost 11 percent as the insurer’s profit plunged on a surge in auto claims. CVS Health Corp. fell 3.3 percent after narrowing its earnings forecast. Apple sank 2.7 percent to a six-month low. Regeneron and Sprint Corp. gained more than 4.7 percent...