U.S.
stocks fell, erasing gains that sent the Standard & Poor™s 500
Index to within three points of a record, on concern the situation in
Ukraine may escalate after President Barack Obama said the international
order is being tested.
The S&P 500 fell 0.7 percent to
1,852.6 at 4 p.m. in New York, with declines accelerating in the final
hour of trading. The Dow Jones Industrial Average
lost 98.89 points, or 0.6 percent, to 16,268.99. The Russell 2000 Index
sank 1.9 percent for its biggest drop in almost two months.
The Nasdaq Internet index retreated 2.5
percent for a sixth day of losses and is down 11 percent since a high on
March 6. The iShares Nasdaq Biotechnology exchange-traded fund lost 1.8
percent, sliding to the lowest since Jan. 9.
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