Stocks fall as Ukraine unease returns

By: Matt McGovern Email
By: Matt McGovern Email
As a big week of earnings enters its final phase, geopolitical anxiety may be seeping in.

The latest reading on CNNMoney's Fear & Greed index shows sentiment is still languishing in "fear" mode.

NEW YORK, NY (CNNMoney) - As a big week of earnings enters its final phase, geopolitical anxiety may be seeping in.

The Dow, S&P 500, and Nasdaq all fell in early trading as investors balanced corporate quarterly results and renewed fears about Ukraine.

Senior government officials told CNN that the U.S. could impose new sanctions on Russia as early as Friday for failing to take steps to reduce the tension in eastern Ukraine. Sanctions would target key allies of Russian President Vladimir Putin, high-profile oligarchs and possibly companies.

The latest reading on CNNMoney's Fear & Greed index shows sentiment is still languishing in "fear" mode.

Meanwhile, quarterly results keep rolling in. Ford shares fell 3 percent after the automaker reported its first quarterly earnings decline since 2012. Profits also were below analysts' estimates.

Shares of Dow component Visa tumbled after the credit card giant missed revenue forecasts.

Microsoft bounced after the company reported first-quarter sales that exceeded analysts' expectations.

Amazon reported better-than-expected earnings and revenue Tuesday, but investors weren't surprised, and shares tanked 8 percent as worries about rising costs at the tech giant surfaced. Starbucks rose after reporting a gain in sales and earnings.

European indexes were lower in afternoon trading, with Germany's DAX down 1 percent. Germany is Russia's largest trading partner in Europe. New sanctions would hurt both economies.

Most major Asian markets finished the day down as well.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KGNS-TV 120 W. Del Mar Blvd., Laredo, TX 78041 Fax: 956-267-8649 News Hotline: 956-723-5161 956.727.8888 email8@pro8news.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 256698231 - kgns.tv/a?a=256698231