Stocks, Commodities Retreat as Treasuries Advance on Jobs

Stocks tumbled, extending the biggest weekly loss of the year for global equities, after U.S. employers added fewer jobs than forecast and services and manufacturing output in the euro region shrank more than estimated. Treasuries rose and oil plunged below $100 a barrel.

The MSCI All-Country World Index lost 1.5 percent at 4 p.m. New York time, extending its weekly plunge to 2.4 percent. The Standard & Poor’s 500 Index sank 1.6 percent and lost 2.4 percent in the week, also its worst since December. The 10-year U.S. Treasury note yield fell five basis points to 1.88 percent. Oil dropped as much as 5 percent to lead commodities to their biggest three-day slide since September. The Dollar Index rose for a fifth straight day, its longest advance in seven months.