Economics
U.S., Europe Stocks Decline, Treasuries Rally on Ukraine
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U.S. stocks fell, while Treasuries gained with gold, as demand for haven assets climbed amid concern that tension among western nations and Russia over Ukraine will hurt the global economic recovery.
The Standard & Poor’s 500 Index slid 0.6 percent at 4 p.m. in New York to close below its average price for the past 100 days for the first time since April. The Stoxx Europe 600 Index dropped 0.7 percent to a three-month low. The rate on 10-year Treasuries plunged six basis points to a two-month low while Germany’s two-year yield touched minus 0.004 percent. Emerging equities slid to a six-week low and gold rose to a two-week high.