U.S.
stocks fell, extending a decline from the last hour of yesterday™s
session, as investors sold health-care stocks that have led gains in the
last year, Internet companies retreated and Citigroup Inc. fell 5 percent.
The Nasdaq Composite Index
slipped 1 percent, extending a decline that began on March 19 to 4.6
percent. The S&P 500 dropped 0.5 percent to 1,843.55 at 9:44 a.m. in
New York. The slide erased the gauge™s gain for the year.
The
S&P 500 yesterday slid 0.7 percent after President Barack Obama
warned that the crisis in Ukraine may escalate. Losses extended in the
last hour as investors sold companies that have led the bull market.
Gauges
of technology stocks, drugmakers, and consumer and industrial companies
all fell 0.7 percent in the final 60 minutes of trading yesterday.
About half of the day™s 6.5 percent gain in the Chicago Board Options Exchange Volatility Index occurred during the period, data compiled by Bloomberg show.
Investors
continued to sell riskier assets, as gauges of Internet and
biotechnology shares sank. The S&P 500 closed at its session low,
erasing nine points in the final hour.
Source : Bloomberg
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