U.S. stocks fell for a second day, joining a retreat in global shares after a rout in fixed-income markets spread to equities.
The Standard & Poor’s 500 Index fell 0.3 percent to 2,099.08 at 4 p.m. in New York. The gauge all but erased a 0.9 percent slide as the 10-year Treasury note yield retreated from the highest level since November. The benchmark index ended Friday two points shy of a record before declining to start this week.
The S&P 500 arrested its slide as Treasuries reversed, and energy shares advanced with the price of crude after the group Monday fell the most since January.