(CNBC) U.S. stocks fell on Friday, with the S&P 500 easing gains after rising to an intraday record, as investors considered Ukraine ahead of the weekend.
"As the afternoon wears down, investors will start contemplating the fact that the weekend is a geopolitical wildcard," said Art Hogan, chief market strategist at Wunderlich Securities, referring to Ukraine and Russia's annexation of Crimea.
The standoff had the European Union inking a pact with Ukraine and widening sanctions. President Barack Obama on Thursday approved possible future penalties on Russian sectors including financial services, defense and energy.
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