The Standard & Poor’s 500 Index fell for the second time in three days.
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Shares retreated around the world, as crude oil retreated from a five-month high amid concerns that a supply glut will persist.The Standard & Poor's 500 Index fell for the second time in three days since climbing within 1 percent of its all-time high.Crude futures slipped toward $43 a barrel in New York after briefly erasing losses, while U.S. natural gas futures slid from a 10-week high.Bank of America Corp. and Citigroup Inc. sank more than 1.3 percent.Anglo American Plc, BHP Billiton Plc and Rio Tinto Group lost at least 4 percent, leading miners to the biggest decline of the 19 industry groups on the equity benchmark.Royal Philips NV slid 5.4 percent after saying it is considering an initial public offering of its lighting business, as it reported better-than-estimated quarterly profit.Japan's currency slid 2.1 percent Friday as Bloomberg reported the BOJ may consider helping banks lend by offering a negative rate on some loans.The MSCI Emerging Markets Currency Index slipped 0.1 percent, falling for a third day.The rate on similar-maturity Japanese government bonds increased by four basis points to negative 0.08 percent, the highest in more than two weeks.
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