A rebound in stocks sputtered, with the S&P 500 extending a slide from its July peak to 10% – and entering a “correction.” Oil topped $85 and gold hit $2,000 amid the latest geopolitical developments.
Volatility resurfaced on news that Israeli forces are expanding their activity in Gaza. The benchmark stock gauge headed toward its worst week in a month. JPMorgan Chase & Co. dropped as Chief Executive Officer Jamie Dimon plans to sell shares currently worth about $141 million. Amazon.com Inc. and Intel Corp. rallied on earnings. Treasury two-year yields edged lower as traders took a hotter inflation measure in stride. The dollar fell.
U.S. stocks are in their third month of decline after bond yields soared on worries about a persistently hawkish Federal…
