Economics
U.S. Stocks Fall, Oil Climbs on Iraq Conflict; Bonds Gain
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U.S. stocks slumped the most in three weeks and oil climbed to an eight-month high as violence escalated across Iraq. Treasuries rallied on signs the U.S. economic recovery remains uneven.
The Standard & Poor’s 500 Index slipped 0.7 percent at 4 p.m. in New York, and the Nasdaq Composite Index tumbled 0.8 percent. West Texas Intermediate oil rose 2 percent to $106.53 a barrel, the highest since September. The yield on 30-year Treasuries dropped 5 basis points, the most in two weeks, to