Worsening tensions in Ukraine send stock indexes lower; Williams-Sonoma, other retailers sink


Worsening tensions in Ukraine are sending stock indexes lower, overshadowing an encouraging report on U.S. economic growth.

Ukraine’s president said Russian forces have entered his country. He called an emergency meeting of his nation’s security council.

Several retailers fell after releasing results or outlooks that disappointed investors. Williams-Sonoma plunged 11 per cent and Abercrombie & Fitch fell 5 per cent.

The Dow Jones industrial average fell 51 points, or 0.3 per cent, to 17,071 as of noon Eastern time Thursday. The Dow is coming off three days of gains.

The Standard & Poor’s 500 index fell four points, or 0.2 per cent, to 1,995.

The Nasdaq composite fell 11 points, or 0.3 per cent, to 4,558.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.34 per cent.

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