Sunday, October 26, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

US stocks fall as geopolitical risks remain

By
From page B9 | August 13, 2014 |

NEW YORK — The stock market pulled back slightly Tuesday, following two days of gains, as investors focused on the damage that ongoing geopolitical tensions were causing the global economy.

Energy stocks were among the biggest decliners, dragged down by lower oil prices.

U.S. stock indexes opened modestly higher but turned lower at mid-morning and stayed there for the rest of the day. Investors took a cue from Europe, where Germany’s benchmark index fell more than 1 percent and France’s CAC 40 fell nearly 1 percent.

An indicator of German investor confidence dropped to its lowest level in 20 months. Investors worried that the Ukraine crisis will start dragging down the German economy, Europe’s largest. The continent is much more exposed to Russia than the U.S. is. Europe also gets most of its natural gas from Russia.

The Ukraine situation has dragged the German stock market down more than 8 percent from its early July peak.

“The Ukraine-Russia situation may be at a standstill politically, but it is weighing on the German economy and, more broadly, the eurozone,” said Sean Lynch, a managing director at Wells Fargo Private Bank.

It has been a quiet week for investors overall, with little economic data or company earnings to work through. Absent hard data to pull the market higher, the current trend for the market is down, Lynch said.

Fears of a Russian invasion of Ukraine have faded in recent days, but worries about conflicts around the globe are likely to keep investors on edge in the coming weeks.

A convoy of more than 260 Russian trucks, reportedly packed with supplies, moved toward Russia’s border with Ukraine on Tuesday, but Kiev said the goods would only be allowed to cross if they were inspected by the International Red Cross. Ukraine is fearful that Russia could use the move as a cover for sending troops into the separatist-held territory.

Investors are also watching political machinations and violence unfold in oil-rich Iraq. On Tuesday, that nation’s embattled prime minister, Nouri al-Maliki, tried to stay in power as Iraqi politicians and the international community rallied behind a political competitor.

The Dow Jones industrial average lost 9.44 points, or 0.1 percent, to 16,560.54. The Standard & Poor’s 500 index fell 3.17 points, or 0.2 percent, to 1,933.75 and the Nasdaq composite fell 12.08 points, or 0.3 percent, to 4,389.25.

Energy stocks in the S&P 500 fell 0.7 percent, the most of the 10 sectors in the index. Kinder Morgan declined nearly 2 percent after rising 9 percent the day before on news it would combine several companies under its control. Anadarko Petroleum and Diamond Offshore Drilling fell more than 2 percent.

 

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

Back from the ashes: One man is home for Halloween

By Amy Maginnis-Honey | From Page: A1 | Gallery

 
Free flu shots given at church

By Susan Hiland | From Page: A4 | Gallery

Gala boosts The Leaven’s efforts in Solano

By Glen Faison | From Page: A5

 
Military graduates have county ties

By Nick DeCicco | From Page: B10

Slim chance to stop coming higher RX co-pays

By Tom Philpott | From Page: B10

 
.

US / World

.

Opinion

Question of the week: Do think Fairfield has a crime problem?

By Daily Republic | From Page: A8 | Gallery

 
Sound off for Oct. 26, 2014

By Daily Republic | From Page: A8

Tourists get more than expected

By Letter to the Editor | From Page: A8

 
Leisure Town’s leaders support professional management

By Letter to the Editor | From Page: A8

 
.

Living

80-year-old nun still teaching

By The Associated Press | From Page: C3

 
Mormons address mystery surrounding undergarments

By The Associated Press | From Page: C3, 1 Comment

.

Entertainment

Jimmy Fallon’s picture book inspired by daughter

By The Associated Press | From Page: C6

 
PUBLISHERS WEEKLY

By The Associated Press | From Page: C6

Harris’ atypical life is now atypical book

By The Associated Press | From Page: C6

 
Lena Dunham bares more in new memoir

By The Associated Press | From Page: C6

.

Sports

Raiders try to erase only zero left in win column

By The Associated Press | From Page: B1

 
Sweet dreams: Sleep expert helps Giants in October

By The Associated Press | From Page: B1

Giants surge past Royals 11-4 to tie World Series at 2

By The Associated Press | From Page: B1

 
Stanford routs Oregon St. 38-14, faces Oregon next

By The Associated Press | From Page: B1 | Gallery

Stow shouts ‘Play ball!’ before Game 4 of Series

By The Associated Press | From Page: B2

 
Splash shots still define Giants’ ballpark

By The Associated Press | From Page: B2 | Gallery

Bumgarner to face Shields in Game 5 of Series

By The Associated Press | From Page: B2

 
Mo’ne Davis throws out 1st pitch at World Series

By The Associated Press | From Page: B2

Marlins’ Stanton expects to have normal offseason

By The Associated Press | From Page: B4

 
Raiders activate cornerback Hayden, DE Autry

By The Associated Press | From Page: B4

Kings’ Gay, McLemore cleared to play in opener

By The Associated Press | From Page: B4

 
Hodgson helps Sabres beat Sharks 2-1

By The Associated Press | From Page: B4 | Gallery

MacKenzie, Svoboda tied for PGA lead at Sea Island

By The Associated Press | From Page: B4

 
.

Business

Of mutual interest: What’s next for funds when Fed stops buying bonds?

By The Associated Press | From Page: B7 | Gallery

 
Apple Pay Q&A: What you need to know

By The Associated Press | From Page: B7

Crowdfunding gives a leg up to animal projects

By The Associated Press | From Page: B8

 
Google exec sets records with leap from near-space

By The Associated Press | From Page: B8

Review: Macs, mobile unite with Yosemite system

By The Associated Press | From Page: B12 | Gallery

 
Smart Spending: A spin with Wal-Mart’s savings app

By The Associated Press | From Page: B12

40 years later, ‘Power Broker’ is standard reading

By The Associated Press | From Page: B12

 
.

Obituaries

Eugene Sylvester Carter Sr.

By Susan Hiland | From Page: A4

 
Guillermo Lara Lopez

By Susan Hiland | From Page: A4

Melvin Tate

By Nancy Green | From Page: A4

 
Dr. Robert M. Takamoto

By Nancy Green | From Page: A4

.

Comics