Stocks Drop While Treasuries Climb on Ukraine; Oil Gains

Global stocks fell as Russian equities slid for a sixth day on concern tensions over Ukraine could lead to deeper sanctions. Treasuries advanced with gold and oil, while corn retreated.

The Standard & Poor’s 500 Index dropped 0.2 percent at 4 p.m. in New York, trimming an earlier loss of 0.6 percent. The Stoxx Europe 600 Index slipped 0.5 percent as Russian stocks capped their longest slump since January. The yield on 10-year Treasuries fell 1 basis point to 2.47 percent. Crude jumped 1.4 percent and gold added 0.3 percent. Corn dropped to the lowest level in four years.