Economics
U.S. Stocks Retreat, Treasuries Climb on Ukraine, China
This article is for subscribers only.
The Standard & Poor’s 500 Index fell, erasing its gain for the year, while Treasuries and the yen advanced as tension persisted in Ukraine. Copper declined as data from China missed estimates and gold reversed losses.
The S&P 500 sank 1.2 percent to 1,846.34 after earlier rising to within four points of a record. The Dow Jones Industrial Average fell 231 points. Yields on 10-year Treasuries slid nine basis points to 2.64 percent by 5:11 p.m. in New York. Russian stocks dropped to the lowest level since May 2010. Copper dropped to near a 44-month low and gold rose 0.1 percent. The yen rallied 0.9 percent to 101.78 per dollar.