The Standard & Poor’s 500 Index fluctuated and Treasuries rose as reports showed weakness in U.S. home sales and global manufacturing while investors analyzed earnings from AT&T Inc. to Boeing Co. European shares fell with emerging-markets equities.
Emerging-market stocks fell for a third day after a Chinese manufacturing gauge signaled contraction and concern grew that the crisis in Ukraine will escalate. The yuan touched the weakest level in 16 months.
Ukraine edged closer to a new round of hostilities after the government in Kiev said it’s resuming operations to oust militants from eastern cities and Russia pledged to defend its citizens in the neighboring country.
A cut to Russian gas supplies to Europe due to escalating tensions in Ukraine would threaten the region’s economic recovery and gas-intensive industries including steel and chemicals, according to Fitch Ratings Ltd.