Renewed concerns that tensions could flare up between Russian and Ukraine pushed U.S. stocks sharply lower Tuesday. Several traders pointed to news reports of a buildup in Russian troops on the Ukraine border and comments from a Polish politician that reportedly said Russia was poised to invade or pressure Ukraine’s eastern border as catalysts for the selling.
The Dow lost 139.81 points, or 0.8 per cent, to close at 16,429.47.
The Standard & Poor’s 500 index fell 18.78 points, or 1 per cent, to 1,920.21.
The Nasdaq composite fell 31.05 points, or 0.7 per cent, to 4,352.84.
For the week:
The Dow is down 63.90 points, or 0.4 per cent.
The S&P 500 is down 4.94 points, or 0.3 per cent.
The Nasdaq is up 0.19 of a point, effectively unchanged.
For the year:
The Dow is down 147.19 points, or 0.9 per cent.
The S&P 500 index is up 71.85 points, or 3.9 per cent.
The Nasdaq is up 176.25 points, or 4.2 per cent.