Economics
S&P 500 Erases 2014 Gain as China, Ukraine Offset Economy
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U.S. stocks fell, erasing this year’s gains for the Standard & Poor’s 500 Index, as weaker-than-forecast data from China and tension in Ukraine overshadowed reports showing an improving American economy.
United Technologies Corp., Pfizer Inc. and American Express Co. tumbled more than 2.4 percent as all 30 members of the Dow Jones Industrial Average declined. An S&P gauge of homebuilders lost 2.4 percent, falling for a seventh straight day. Dollar General Corp. slipped 2.8 percent as it forecast earnings below analyst estimates.