Treasuries gain while S&P 500 fluctuates before Bernanke speech

Stock Leaders

Raw-material, telephone, utility and industrial companies led declines among the 10 main industry groups in the S&P 500 today, while consumer and financial shares rose the most.

Lexmark International Inc. added 14 percent after the printer maker said it plans to cut 1,700 jobs and shut a factory in the Philippines as it explores a sale of its inkjet technology. H.J. Heinz Co. rose 2.4 percent after reporting preliminary profit that topped estimates. KLA-Tencor Corp., a maker of machinery used in the production of semiconductors, slumped 2.8 percent after Deutsche Bank AG cut its rating.

European stocks extended declines earlier after Catalonia said it will request 5 billion euros ($6.3 billion) from Spain’s financing facility for regional governments. The nation’s benchmark IBEX 35 index dropped 0.9 percent. The region’s equities pared losses as European Union President Herman Van Rompuy said Greece’s future is in the euro and the region’s rescue fund is ready for rapid action to aid Spanish banks.

European Markets

All 19 industry groups in the Stoxx 600 retreated. G4S Plc dropped almost 2 percent after the security company said that first-half profit slumped 73 percent. Deutsche Lufthansa AG lost 0.8 percent after the airline failed to appease an employee union protesting against wage cuts. Vestas Wind Systems A/S surged 19 percent after saying it has started talks with Mitsubishi Heavy Industries Ltd. over possible cooperation.

In European bond markets, Spanish 10-year yields increased nine basis points to 6.48 percent and Italian 10-year rates added 12 basis points to 5.83 percent amid concern the European Central Bank won’t be able to do enough to stem the region’s turmoil as they prepare to meet next week.

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