Stockhouse @ the Bell: Stocks decline on rising Ukraine tensions; S&P cuts Russian credit rating

Stockhouse Editorial
2 Comments| April 25, 2014


TORONTO _ The Toronto stock market closed lower as nervous investors backed off going ahead of the weekend in the face of rising tensions in Ukraine.

The S&P/TSX composite index declined 20.68 points to 14,533.57. The Canadian dollar was off 0.07 of a cent at 90.61 cents US.

U.S. indexes also retreated as the Dow Jones industrials tumbled 140.19 points to 16,361.46, while the Nasdaq dropped 72.78 points to 4,075.56, also pressured by a 9.8 per cent drop in Amazon's share price after the retailer warned of a likely operating loss in the second quarter.

The S&P 500 index slid 15.21 points to 1,863.4 as Russia's foreign minister announced military exercises near Ukraine's border. And late in the afternoon, Ukraine's deputy foreign minister said he feared an imminent Russian invasion.

At the same time, the economic cost to Russia increased as Standard & Poor's cut Russia's credit rating from BBB to BBB-minus _ one step above junk status.

For news about small stocks that made big moves in Friday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report


Tags: GOLD

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Comments

STOCKPRO1
A good way to play this is buy RUSS. Big move up coming
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April 25, 2014
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HarDette
Whoever it was on here that recommended the website Traders Superstore I want to say thanks. You are right they have been very helpful to me in learning to trade. I now have hope that I can quit my job and trade full-time. Trading is not as hard as I thought it was but it helps to learn from the right place.
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April 28, 2014
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