Stocks Slump Most in Week; Treasury Bonds Gain: Markets Wrap
- West Texas Intermediate oil touches two-week high; gold falls
- Gilts increase after BOE says it’s exploring negative rates
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U.S. stocks fell and Treasuries gained as investors mulled whether the levels of stimulus being provided is enough amid a gradual economic recovery.
The benchmark S&P 500 dropped for a second day, though it found some support after bouncing off its 50-day moving average. Technology shares were the biggest decliners, with Apple Inc., FaceBook Inc. and Microsoft Corp. weighing on the Nasdaq Composite.