Loading…
Wednesday, December 17, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 7/17/2014

Jet downing, weak earnings rattle stock market

US stocks slide after news of jet downing in Ukraine, disappointing earnings; SanDisk tanks

ASSOCIATED PRESS

NEW YORK -- Stocks closed sharply lower today as traders worried about an escalation of tensions between Russia and the West following the downing of a passenger plane in eastern Ukraine.

Traders were also unsettled by poor corporate earnings and a weak indicator for the housing market.

The Dow Jones industrial average fell 161 points, or 0.9 percent, to close at 16,976 today.

The Standard & Poor’s 500 index lost 23 points, or 1.2 percent, to 1,958. The Nasdaq lost 62 points, or 1.4 percent, to 4,363.

SanDisk, AutoNation, and Mattel were among the biggest decliners after reporting results that disappointed investors.

Prices for gold and U.S. government bonds rose as traders shifted money into assets perceived as being relatively safe.

The yield on the 10-year Treasury note fell to 2.46 percent.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories