MoneyWatch

U.S. stocks slide as Ukraine tensions rise

March 3, 2014 / 9:59 AM EST / AP

NEW YORK - Global stock markets are down sharply on tensions over Russia's military advance into Ukraine and the threat of sanctions by Western governments.

White House considers sanctions against Russia 02:36

U.S. stocks followed declines on European exchanges early Monday. The Dow Jones industrial average dropped 143 points, or 0.9 percent, to 16,178 shortly after the U.S. stock market opened. The Standard & Poor's 500 index fell 14 points, or 0.8 percent, to 1,844 and the Nasdaq skidded 47 points, or 1 percent, at 4,260.

In Europe, Germany's DAX sank 272 points, or 2.8 percent, to 9,419. Britain's FTSE 100 dropped 100 points, or 1.5 percent, to 6,709. The benchmark Russian stock exchange dropped 12.5 percent.

Oil climbed 1.6 percent on supply concerns. Russia is a major exporter.

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