The Traderszone Network

Published in TZ Latest News 5 August, 2014 by The TZ Newswire Staff

Russia News Sinks Major Averages; Oil Stocks Slide

Stocks took a turn for the worse in late-afternoon trading Tuesday, torpedoed by heightened tension between Russia and Ukraine. The Nasdaq tumbled 0.8% while the S&P 500 sank 1% and the Dow industrials 0.9% amid reports of a Russian troop buildup along the Ukraine border, as well as President Vladimir Putin’s orders to prepare retaliation against U.S. and European economic sanctions.

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