U.S. Stocks Fall as Global Shares Cap Quarterly Slide
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U.S. stocks fell, with global equities capping the worst quarterly drop since 2012, as energy producers sank with the price of oil. The dollar extended a four-year high, while metals from copper to silver tumbled.
The Standard & Poor’s 500 Index lost 0.3 percent by 4 p.m. in New York, trimming a seventh quarterly gain. The Bloomberg Dollar Spot Index finished its best quarter in six years on an eight-day rising streak, and the euro had its worst three-month drop since 2010. European stocks capped the longest quarterly rally since 2006. Silver plunged to a four-year low today, while gold ended the three months down 8.4 percent. Sovereign bonds beat corporate debt by the most in three years this quarter.