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Wall Street tumbles as Ukraine tensions rise, China slows

Started by riky, March 14, 2014, 08:00:25 AM

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riky

Wall Street tumbles as Ukraine tensions rise, China slows

<p><a href="http://news.yahoo.com/futures-higher-initial-claims-retail-sales-due-114419806--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/ttv2JEf9GqqgsGHNKvHNKQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-03-13T143638Z_7_CBREA2B1EF900_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Angela Moon NEW YORK (Reuters) - U.S. stocks tumbled on Thursday, with the Dow and the S&amp;P 500 suffering their worst day since early February, on rising concerns over Ukraine and Russia and new signs of a slowdown in China. Selling accelerated in afternoon trading after Russia launched military exercises near its border with Ukraine, showing no sign of backing down in its plans to annex its neighbor's Crimea region despite a stronger-than-expected push for sanctions from the EU and the United States. In an unusually robust and emotionally worded speech, German Chancellor Angela Merkel warned of &quot;catastrophe&quot; unless Russia changes course. The CBOE Volatility index VIX , Wall Street's so-called fear gauge, jumped more than 12 percent to 16.22.</p><br clear="all"/>

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