Saturday, August 16, 2014

Ukraine spoils mood on Wall Street – The Stentor

Ukraine spoils mood on Wall Street – The Stentor

NEW YORK (Reuters) – Stock markets on Wall Street closed Friday with mixed results. The reports of a Ukrainian attack on a Russian military convoy sowed confusion and fueled fears of a further escalation of the crisis in Ukraine.

The Dow Jones Index ended 0.3 percent in the red at 16662.91 points. The broad S & amp; P 500 ended virtually unchanged at 1955.06 points. Technology Graadmeter Nasdaq was 0.3 percent ahead at 4464.93 points.

As in Europe was initially positive mood spoiled by the Ukrainian president Petro Poroshenko, who said that a large part of a Russian military convoy has been destroyed. According to Ukraine and NATO convoy on Thursday had crossed the border with Ukraine. However, Moscow denied that Russian military vehicles Eastern Ukraine are pulled and denied that Ukraine would have destroyed. Russian vehicles

Safe harbors

With the threat of war, investors sought refuge in safe havens . The yield on American government bonds fell to the lowest level in more than a year, while the gold price well made earlier losses again.

Monster Beverages belonged to the biggest winners on Wall Street, with a gain of 30 percent. Coca-Cola for $ 2.2 billion take a stake of nearly 17 percent in the maker of energy drinks. The company hopes to gain access to the market of energy drinks, one of the fastest growing segments of the beverage industry. As better access Coca-Cola led the Dow Jones with an increase of nearly 2 percent.

Doubling

Applied Materials gained 6.3 percent. The supplier to the semiconductor industry knew its profit last quarter, nearly doubling and came with rosy forecasts for the coming time.

department store chain Nordstrom lost more than 5 percent of its market value. The luxury shops of the company sold last quarter, less than expected.

The price of a barrel of American oil rose 1.5 percent to $ 97.03. The euro was worth $ 1.3400 Friday, down from $ 1.3390 at the close of European stock markets earlier in the day.

EPA

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