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Ukraine tensions pull US stocks modestly lower

Published on Aug 29, 2014 4:50 AM
 
Specialist trader Michael Pistillo (second from left) gives a price for a stock just after the opening bell on the floor of the New York Stock Exchange on August 28, 2014. US stocks fell modestly on Thursday as rising fears about renewed tensions between Ukraine and Russia outweighed a batch of encouraging US economic data. -- PHOTO: REUTERS

NEW YORK (AFP) - US stocks fell modestly Thursday as rising fears about renewed tensions between Ukraine and Russia outweighed a batch of encouraging US economic data.

The Dow Jones Industrial Average fell 42.44 points (0.25 per cent) to 17,079.57, while the tech-rich Nasdaq Composite dropped 11.93 (0.26 per cent) to 4,557.69.

The broad-market S&P 500 pulled back from Wednesday's record close, shedding 3.38 (0.17 per cent) at 1,996.74.

The indices finished off their lows of the morning, when shares were pressured by news that Russian forces were inside Ukraine helping support pro-Kremlin separatists who have been fighting against Kiev's rule since April.

 
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