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Worsening tensions in Ukraine send stock indexes lower; US government bond prices rise

FILE - The New York Stock Exchange is shown, Tuesday, Aug. 9, 2011 file photo taken in New York. Global stock markets were muted Thursday Aug. 28, 2014 ahead of U.S. economic data and possible policy announcements from Japan.(AP Photo/Mark Lennihan, File)

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FILE - The New York Stock Exchange is shown, Tuesday, Aug. 9, 2011 file photo taken in New York. Global stock markets were muted Thursday Aug. 28, 2014 ahead of U.S. economic data and possible policy announcements from Japan.(AP Photo/Mark Lennihan, File)

Worsening tensions in Ukraine are sending markets lower, overshadowing an encouraging report on U.S. economic growth.

Ukraine's president declared that Russian forces have entered his country and called an emergency meeting of the nation's security council.

The Dow Jones industrial average fell 64 points, or 0.4 per cent, to 17,056 as of 9:35 a.m. Thursday. The Dow has risen for the previous three days and it still higher for the week.

The Standard & Poor's 500 index fell seven points, or 0.4 per cent, to 1,992.

The Nasdaq composite fell 17 points, or 0.4 per cent, to 4,552.

European markets also fell. Germany's DAX lost 1.4 per cent and France's CAC-40 fell 0.7 per cent.

Bond prices rose as investors sought out lower-risk assets. The yield on the 10-year Treasury note fell to 2.32 per cent.

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