Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
US stocks slide as rhetoric over Ukraine intensifies; Dow average has its fourth loss in a row
Stocks are closing sharply lower as tensions flare up over Russia’s presence in Ukraine.
The Dow Jones industrial average fell 231 points, or 1.4 per cent, to close at 16,108 Thursday, its worst loss in six weeks.
The Standard & Poor’s 500 index fell 21 points, or 1.2 per cent, to 1,846. The Nasdaq composite fell 62 points, or 1.5 per cent, to 4,260.
U.S. and European leaders have been stepping up their rhetoric against Moscow ahead of a weekend vote in Crimea over whether to secede from Ukraine and join Russia.
Secretary of State John Kerry warned Russia that it will face “very serious” steps from the U.S. and Europe if it annexes Crimea.
Bond prices rose as traders sought safety. The yield on the 10-year Treasury note fell to 2.65 per cent.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
