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Stockhouse @ the Bell: Stocks lower as Ukraine, Gaza worries, effect of economic sanctions weigh

Canadian Press, The Canadian Press
1 Comment| July 21, 2014


TORONTO _ The Toronto stock market closed lower as investors looked at the prospect of additional sanctions being levied against Russia for its support of Ukrainian rebels who are being blamed for last week's downing of a Malaysian airliner.

The S&P/TSX composite index lost 16.58 points to 15,249.99.

The Canadian dollar was up 0.06 of a cent at 93.2 cents US.

New York indexes were also lower but well off the worst levels of the day after President Barack Obama called on Russian President Vladimir Putin to compel Kremlin-backed separatists to allow international investigators unfettered access to the crash site. But he held off on announcing new sanctions.

The Dow Jones industrials lost 48.45 points to 17,051.73, the Nasdaq declined 7.45 points to 4,424.7 and the S&P 500 index was 4.59 points lower at 1,973.63.

There have been calls for another round of sanctions that would target entire Russian industries, but there are worries that such action would serve to undermine what is still a very fragile economic recovery in Europe.

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


Tags: ENERGY OIL & GAS INTEGRATED

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Comments

Palbertan
stop sanctioning russia! we need a global economy....if i can't own land in other places this world is shi@t
4 stars
July 22, 2014
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