US stocks fall as Ukraine tensions up, gold gains

Mar 04 2014, 00:29 IST
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Treasurys and gold prices rose as investors bought safer assets. Reuters Treasurys and gold prices rose as investors bought safer assets. Reuters
SummaryThe price of crude oil rose as traders worried that Russian oil exports could be disrupted.

surge in spending on heating bills during the harsh winter. Spending in areas such as autos and clothing declined. Spending rose 0.4 percent in January after a 0.1 percent gain in December, the Commerce Department said Monday. The December figure was revised down from a 0.4 percent increase.

IT'S COLD OUTSIDE: Darden Restaurants, the parent company of Olive Garden, slumped $2.61, or 5.1 percent, to $48.44 after the restaurant operator said that exceptionally rough winter weather reduced earnings in its latest quarter by about 7 cents per share. Expenses related to the company's plan to split off its Red Lobster chain also hurt earnings.

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