Economics
S&P 500 Declines After Record; Bonds Rise, Dollar Slips
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U.S. stocks fell after the Standard & Poor’s 500 Index climbed to a record, while Treasuries gained and the dollar weakened. Russian stocks slid after the country completed its annexation of Crimea.
The S&P 500 fell 0.3 percent to 1,866.40 at 4 p.m. in New York, after reaching an all-time high of 1,883.97. The yield on 10-year Treasuries fell for the first time in three days, losing three basis points to 2.74 percent. The MSCI Emerging Markets Index gained 0.4 percent as Hong Kong’s Hang Seng China Enterprises Index climbed 2.4 percent after entering a bear market yesterday. Moscow’s Micex Index lost 1 percent. The dollar lost 0.1 percent against the euro. Gold and oil advanced.