U.S. stocks fell for the third time in four days as American International Group Inc.��s profit disappointed investors and Twitter Inc. slumped. The euro and Spanish bonds gained on signs economies are strengthening.
The Standard & Poor��s 500 Index fell 0.5 percent at 12:26 p.m. in New York as AIG led financial shares lower. Twitter slid 12 percent to the lowest since its initial trading day. The Stoxx Europe 600 Index lost 0.3 percent. Ten-year Treasury yields dropped one basis point to 2.59 percent. The euro appreciated 0.3 percent to $1.3922. Spain��s 10-year yield reached a record low. Nickel and lead rose at least 1 percent.
Twitter sank as about 480 million shares from insiders became eligible for sale, more than quadrupling the amount available for trading. The U.S. trade deficit narrowed as exports grew the most in nine months. Spanish jobless claims fell and services growth quickened in Germany, Italy and Ireland in April. Ukraine��s efforts to regain ground from pro-Russian militants in eastern cities were undermined as insurgents killed four government troops and downed a military helicopter.
Source : Bloomberg