Stocks Slide on Europe Debt Turmoil as Bonds, Gold Rise
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Stocks from U.S. to Europe slid as increasing concern over signs of financial stress in Portugal sent investors seeking safety in Treasuries, the yen and gold.
The Standard & Poor’s 500 Index fell 0.4 percent at 4 p.m. in New York, paring an earlier drop of as much as 1 percent. The Russell 2000 Index of smaller companies declined 1 percent. The Stoxx Europe 600 Index tumbled 1.1 percent to the lowest since May. Portugal’s 10-year bond yield jumped 21 basis points to