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U.S. Stocks Decline Most in a Month on Ukraine Turmoil

U.S. stocks sank the most in a month, joining a global selloff in equities, as investors sought havens on concern that Russia’s military presence in Ukraine could lead to a larger conflict.

General Electric Co. and 3M Co. plunged at least 1.4 percent to pace declines among large industrial shares. Financial shares tumbled, as Visa Inc. and American Express Co. slid more than 1.4 percent. The Market Vectors Russia ETF tracking companies from Gazprom OAO to OAO Lukoil dropped 6.9 percent. Yandex NV, a U.S.-listed online search engine operating in Russia, slumped 14 percent. Reynolds American Inc. rallied 4.8 percent after a report said the company might bid for Lorillard Inc.