US stocks down on Ukraine tension, retail earnings
August 29, 2014 7:23 am
US stocks is down for the first time in three days, ending the record winning streak of the S&P 500 and finishing below 2000 on the return of tension escalation in Ukraine and a worse-than-expected retail earnings that upset the expanding GDP.
The Dow Jones Industrial Average finished 0.25% lower or 42.44 points down to 17,079.57 with an intraday low of shedding as much as 100 points. JPMorgan Chase, Visa, and Boeing paced the blue-chip decrease that affected 18 components of the gauge’s 30 sectors. The S&P 500 retreated back under the 2000 mark line losing 0.17% or 3.38 points to 1,996.74. The financial sector was the biggest laggard among the ten losers of the gauge. The Nasdaq Composite is also in negative territory which is down 0.26% or 11.93 points to 4,557.69. The trend showed that for every four shares that fell, only three rose. The fear gauge of investors or the CBOE Volatility Index added 2.3% to end 12.05 on the account that geopolitical situations around the world are still ongoing with some escalating at a rapid pace. The New York Stock Exchange witnessed nearly 491 million shares exchange hands while the composite volume neared 2.3 billion.
Abercrombie & Fitch Co. and Williams-Sonoma Inc are both down, losing 4.8% and 12% respectively along with Guess Inc. who lowered by 8.8%.
The material has been provided by InstaForex Company – www.instaforex.com
US stocks is down for the first time in three days, ending the record winning streak of the S&P 500 and finishing below 2000 on the return of tension escalation in Ukraine and a worse-than-expected retail earnings that upset the expanding GDP.
The Dow Jones Industrial Average finished 0.25% lower or 42.44 points down to 17,079.57 with an intraday low of shedding as much as 100 points. JPMorgan Chase, Visa, and Boeing paced the blue-chip decrease that affected 18 components of the gauge’s 30 sectors. The S&P 500 retreated back under the 2000 mark line losing 0.17% or 3.38 points to 1,996.74. The financial sector was the biggest laggard among the ten losers of the gauge. The Nasdaq Composite is also in negative territory which is down 0.26% or 11.93 points to 4,557.69. The trend showed that for every four shares that fell, only three rose. The fear gauge of investors or the CBOE Volatility Index added 2.3% to end 12.05 on the account that geopolitical situations around the world are still ongoing with some escalating at a rapid pace. The New York Stock Exchange witnessed nearly 491 million shares exchange hands while the composite volume neared 2.3 billion.
Abercrombie & Fitch Co. and Williams-Sonoma Inc are both down, losing 4.8% and 12% respectively along with Guess Inc. who lowered by 8.8%.
The material has been provided by InstaForex Company – www.instaforex.com
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