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Sunday, May 4, 2014

U.S. Stocks Retreat as Ukraine Tensions Overshadow Jobs Report

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 7:22 PM No comments


U.S. stocks fell, after an earlier rally sent the Standard & Poor��s 500 Index above its closing record, as concern about escalating tension in Ukraine overshadowed data showing payrolls rose the most in two years.
The S&P 500 slipped 0.1 percent to 1,881.07 at 4 p.m. in New York, after rallying 0.4 percent earlier to climb above its highest closing level reached April 2. The Dow Jones Industrial Average lost 46.3 points, or 0.3 percent, to 16,512.57. The Nasdaq Composite Index was little changed. Trading in S&P 500 stocks was 11 percent below the 30-day average at this time of day.
The United Nations Security Council was scheduled to hold an emergency meeting at Russia��s request. Tensions rose in Ukraine as the country sent armored vehicles and artillery to retake Slovyansk, a stronghold for pro-separatist forces, defying President Vladimir Putin��s demand to pull back troops with Russia��s army massed across the border.
Source : Bloomberg

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