US can’t rebuff the Russian hit - New York Report

US STOCKS fell for a third day in a volatile session yesterday, led by declines in consumer discretionary and technology shares, while another drop in the Russian rouble added to worries about the global economy.

Energy shares rebounded, keeping the S&P 500 and Dow mostly in positive territory until a bout of late-day selling took indexes lower. The S&P 500 moved more than 44 points from its high of the day to its low, while the CBOE Volatility index jumped 15.4 per cent.

The Dow Jones industrial average fell 111.97 points, or 0.65 per cent, to 17,068.87, the S&P 500 lost 16.89 points, or 0.85 per cent, to 1,972.74 and the Nasdaq Composite dropped 57.32 points, or 1.24 per cent, to 4,547.83. Apple, down 1.4 per cent at $106.75 (£67.78), confirmed it has taken down its online store in Russia due to extreme fluctuations in the rouble.