U.S. Markets Close Sharply Lower on Geopolitical Uncertainty

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U.S. Markets Close Sharply Lower on Geopolitical Uncertainty

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U.S. Markets Close Sharply Lower on Geopolitical Uncertainty

by TheStreet 1:08 mins

U.S. Markets Close Sharply Lower on Geopolitical Uncertainty

by TheStreet 1:08 mins

U.S. Markets ended Thursday's session lower across the board with the Dow Jones Industrial Average losing more than 160 points. Stocks made a decisive turn lower after a Malaysia Airlines airplane with 295 people aboard crashed in Ukraine near the Russian border. This come after an announcement late Wednesday that the U.S. and European Union would increase sanctions on Russia. Traders sought safe havens in precious metals. Gold and Silver futures climbed. Investors poured money U.S. government bonds, yields on the 10-year bond dropped. But, some stocks did manage to buck the downward trend. Microsoft (MSFT) shares were up after the tech giant announced it would cut 18,000 jobs in the next year. Other gainers included UnitedHealth (UNH) and Abbott Laboratories (ABT). On tap to report Friday are General Electric (GE) and Honeywell (HON). TheStreet's Susannah Lee has the details from New York.

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