The Standard & Poor’s 500 Index rose as data showing higher home prices boosted shares of builders. European stocks fell for the first time in three days, while the euro gained against most of its peers and the yen snapped a three-day decline versus the dollar.
U.S. stocks fell after the Standard & Poor’s 500 Index rallied to a record yesterday on the Federal Reserve’s decision to refrain from cutting stimulus as investors weighed the latest batch of economic reports.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record for the eighth time in nine days, amid improving confidence in the largest economy. Industrial metals retreated on concern about China’s growth.
U.S. stocks fell, reversing earlier gains, as the Federal Reserve’s pledge to provide additional support for the economy disappointed investors anticipating a more definitive sign of further monetary easing.