U.S. stocks halted a
two-day advance as a rally in crude faltered and Treasuries erased
losses, providing a fresh signal that China-fueled turmoil on financial
markets has yet to fully subside.
The Standard &
Poor’s 500 Index extended declines after European markets closed
modestly higher. The yield on the 10-year Treasury note fell to 2.09
percent, while gold erased losses to trade above $1,090 an ounce. Oil
was little changed at $30.50 a barrel. Emerging-market rose after
closing at the lowest level in six years, while Asian stocks rebounded
from a three-year low on Chinese trade data.
The S&P 500 fell
0.5 percent at 12:04 p.m. in New York, with losses extending after
Europe’s markets closed at 11:30 a.m. The gauge opened higher by as much
as 0.6 percent. It’s now down more than 5.5 percent this year after
slipping 0.7 percent in 2015.
Source: Bloomberg
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