Economics
Stocks Retreat While Dollar Rises on Ukraine Tension
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U.S. and European shares fell, paring weekly gains, as geopolitical tensions escalated and investors weighed comments from central bank leaders for clues to monetary policy. The dollar reached an 11-month high versus the euro while gold snapped a five-day losing streak.
The S&P 500 dropped 0.2 percent to 1,988.4 at 4 p.m. in New York after yesterday closing at an all-time high. The benchmark index rallied 1.7 percent this week, the most since April, amid bets the Federal Reserve will continue stimulating the economy even as growth strengthens. The Stoxx Europe 600 Index fell 0.2 percent, trimming its best weekly gain since February. The dollar gained against most major peers.