New York Report: Ukraine fears floor Wall St
US STOCKS ended down yesterday, nose-diving in the afternoon as concerns mounted over escalating tensions in Ukraine.
The Dow Jones industrial average fell 139.81 points, or 0.84 per cent, to 16,429.47, the S&P 500 ended down 18.78 points, or 0.97 per cent, to 1,920.21, and the Nasdaq Composite lost 31.05 points, or 0.71 per cent, to 4,352.84.
Target shares fell 4.4 per cent to $58.03 after discount retailer cut its second-quarter earnings estimate.
But shares of solar and LED equipment maker GT Advanced Technologies rose 6.7 per cent to $15.08 one day after it raised the lower end of its full-year 2014 adjusted profit forecast.
And shortly after the close, 21st Century Fox’s shares jumped 7.7 per cent after it said it had withdrawn its offer to buy Time Warner, whose shares fell 11.4 per cent.