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U.S. Stocks Drop as Yen, Gold Advance on Ukraine Standoff

The Standard & Poor’s 500 Index fell, giving the gauge its worst week since January, Treasuries were little changed and gold rose as investors sought haven assets after talks failed to resolve the Ukraine standoff before Sunday’s Crimea referendum.

The S&P 500 lost 0.3 percent at 4 p.m. in New York, extending a weekly slide to 2 percent. The yield on 10-year Treasuries traded at 2.65 percent, as the notes had the best week in two years. Gold advanced to the highest in six months. The yen climbed for a fifth day against the dollar. Copper futures rose on speculation that fiscal policy will be loosened to bolster the economy in China.