26 Mar 2014
Wall Street declines on fears about Russia conflict
FXStreet (San Francisco) - US stocks posted losses on Wednesday as investors are worried about the situation in Ukraine and a conflict with Russia. Major averages turned down at mid-session following an Obama speech that warned Russia for further sanctions.
After hours, the Fed released its Comprehensive Capital Analysis and Review report, the so-called stress test where the central bank approves capital plans for 25 out of 30 banks. The Fed challenges four banks on capital planning, including Citigroup Capital.
The Dow Jones declined 98.89 points or 0.60% to finish the day at 16,268.99; the S&P 500 eased 13.06 pts or 0.70% to 1,852.56; while the Nasdaq Composite lost 60.69 pts or 1.43% to close the session at 4,173.58.
After hours, the Fed released its Comprehensive Capital Analysis and Review report, the so-called stress test where the central bank approves capital plans for 25 out of 30 banks. The Fed challenges four banks on capital planning, including Citigroup Capital.
The Dow Jones declined 98.89 points or 0.60% to finish the day at 16,268.99; the S&P 500 eased 13.06 pts or 0.70% to 1,852.56; while the Nasdaq Composite lost 60.69 pts or 1.43% to close the session at 4,173.58.