Pursuits
S&P 500 Falls, Gold Jumps; Return Plans Boost Apple After Market
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U.S. stocks fell amid a retreat in biotechnology shares, while gold rallied on speculation the Federal Reserve won’t move soon on interest rates. Apple Inc. climbed in extended trading after boosting the amount it will return to shareholders and posting better-than-forecast results.
The Standard & Poor’s 500 Index lost 0.4 percent from a record by 4 p.m. in New York, while the Russell 2000 Index tumbled 1.2 percent. Gold climbed 2.4 percent for its biggest advance since January, as conflicting U.S. data clouded the outlook for rate increases. Silver and copper also rose. The Stoxx Europe 600 Index jumped 1 percent on optimism over Greek bailout talks. Apple climbed 1.5 percent after market’s closed.