Economics

U.S. Stocks Fall on Ukraine Concern as Energy Shares Drop

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U.S. stocks resumed a selloff, wiping out yesterday’s rebound and sending benchmark indexes to the lowest levels since May, as energy shares tumbled and concern increased over escalating tensions in Ukraine.

Halliburton Co. and Pioneer Natural Resources Co. tumbled more than 3.4 percent to lead declines among energy companies. Target Corp. lost 4.4 percent after profit trailed its forecast as U.S. sales remained weak and its Canadian operations continued to struggle. Dollar General Corp. gained 3.4 percent as it was said to be weighing a bid for Family Dollar Stores Inc. Groupon Inc. dropped 17 percent in after-hours trading after reporting its results.