Dollar And Shares Slide On Ukraine Concerns

On Friday, world stock indexes fell on concerns that economic activity in Europe may get depressed due to the tensions between Ukraine and Russia while the 30-year U.S. Treasury bond yield reached the lowest in nearly a year as investors sought safety in U.S. debt.

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Other safe havens such as gold and the yen received a boost while selling in US shares increased. Disappointing earnings from Amazon and Ford on Thursday offset gains fueled by strong reports from Apple, Caterpillar, and Travelers. The three main U.S. stock indexes all fell for the week while the 30-year U.S. Treasury bond’s yield fell to 3.42 percent, lowest since last June.

“(The market’s) a little bit tired, but then you throw in all this stuff – it’s Friday, you have the weekend coming, you have the whole Russia and Ukraine thing, Putin is pounding the table, so naturally you get this risk-off mentality,” said Ken Polcari, a director at O’Neil Securities in New York.

The Dow Jones industrial average .DJI fell 140.19 points, or 0.85 percent, to end at 16,361.46. The S&P 500 .SPX lost 15.21 points, or 0.81 percent, to 1,863.40. The Nasdaq Composite .IXIC dropped 72.777 points, or 1.75 percent, to 4,075.561.

U.S. oil settled down 1.3 percent at $100.60 a barrel, after plumbing a near three-week low at $102.05. Brent crude oil finished down 0.7 percent at $109.58 a barrel but stayed near seven-week highs. The benchmark 10-year U.S. Treasury note was up 7/32 to yield 2.6677 percent.

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