U.S. stocks fell, with the Standard & Poor’s 500 Index retreating from a record, as financial earnings disappointed investors. Treasuries climbed, nickel advanced a fifth day and emerging-market shares slid.
Stocks slid the most since June and oil surged to an 18-month high amid concern the U.S. will take military action against Syria. Treasuries, the yen and gold rose while Turkey’s lira and India’s rupee reached record lows.
The Dollar Index fell for the third time in four days while stocks and commodities advanced as an unexpected contraction in American manufacturing fueled bets the Federal Reserve will maintain its pace of stimulus.