S&P 500 Falls for Second Day; Emerging Markets, Oil Gain

U.S. shares fell, following yesterday’s worst drop in a month, as financial and technology shares led losses. Emerging-market stocks climbed to a two-month high as Brazilian equities surged. Oil rose while gold slipped.

The Standard & Poor’s 500 Index fell 0.2 percent to 1,849.04 at 4 p.m. in New York as the Nasdaq Composite Index slipped 0.5 percent to close at the lowest level since Feb. 10. The MSCI Emerging Markets Index increased 0.8 percent as the Ibovespa jumped as 3.5 percent, the most since September, and Brazil’s real rose to the strongest level since November. Ten-year Treasury yields fell 1.3 basis points to 2.68 percent. Silver futures capped the longest drop in 13 years and gold reached a six-week low. Oil climbed 1 percent.