U.S. stocks decline due to international concern of Crimea

U.S. Stocks Fall as Obama Comments Raise Crimea Concerns

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  • U.S. stocks decline amid comments from President Obama issued international order is being tested. Investors are looking for hints that if Crimea situation escalates it will harm the global economy, which will cause investors to pullback from the markets.
  • Stocks also extended their loss as declines in technology and biotechnology sent the Nasdaq in decline
  • On the upside, Orders for overall durable goods—products such as refrigerators and cars meant to last more than three years. US durable goods orders increased by a more-than-expected 2.2% in February. Economists were expecting a 1% rebound. Which shows theres a demand for machinery, technology manufacturing and transportation.
  • The Dow Jones Industrial Average lost 0.6% to 16,268.99, while the S&P 500 dropped 0.7% to 1,852.56. The Nasdaq fell 1.43% to 4,173.58.
  • Crude oil declined -0.08% to 100.21. Gold increased 0.12% to 1305.00

Categories: Equity Capital Markets

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