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Wall St lower on Russian fears

Wednesday, August 06 16:00:27

U.S. stocks opened lower on worries of an escalation of the conflict in the Russia-Ukraine border and after two large merger and acquisition deals fell through.

NATO said Russia has amassed around 20,000 combat-ready troops on Ukraine's eastern border and could use the pretext of a humanitarian or peace-keeping mission to invade.

The Dow Jones industrial average fell 55.55 points or 0.34 percent, to 16,373.92, the S and P 500 lost 8.76 points or 0.46 percent, to 1,911.45 and the Nasdaq Composite dropped 25.49 points or 0.59 percent, to 4,327.35.

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