Economics
U.S. Stocks Fall Amid Concern Over Tensions With Russia
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U.S. stocks fell, after the best Standard & Poor’s 500 Index rally since April, as concern tension in Ukraine could lead to deeper sanctions against Russia kept investors on the sidelines before major earnings reports.
Herbalife Inc. sank 11 percent as hedge-fund manager Bill Ackman vowed to reveal fraud at the company. Yum! Brands Inc. dropped 4.3 percent and McDonald’s Corp. lost 1.5 percent after the two halted buying meat products from a Shanghai supplier under investigation. Hasbro Inc. fell 2.7 percent after reporting revenue that missed analysts’ estimates. BB&T Corp. slid 4 percent as adjusted profit fell short of targets.