Bloomberg News

U.S. Stocks Pare Losses After S&P 500 Drops to 9-Week Low

June 24, 2013

U.S. stocks and Treasuries pared losses after the Standard & Poor’s 500 Index slipped to a nine-week low and yields on benchmark 10-year notes reached the highest levels since August 2011.

The S&P 500 slid 0.7 percent to 1,580.37 at 2:13 p.m. in New York, after tumbling as much as 2 percent earlier. Ten-year Treasury note yields fell one basis point to 2.53 percent.

Stocks and bonds fell earlier as Chinese equities entered a bear market on concern a cash crunch will hurt the economy and amid mounting speculation the U.S. will begin curbing stimulus.

To contact the editor responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net


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