There is little doubt that
Ukraine tensions are the major culprit in a moderate decline to start the
market this morning. But earning misses
by some big names are also weighing down indexes. Visa, Ford and Amazon are falling substantially
after missing on earnings yesterday. Of
particular note is Amazon, which is down 8% on the day after sharing a report
that had weak profit margins and warnings of future losses as it continues to
build its international infrastructure.
There is not much positive news today and it would be no surprise to see
a triple digit decline on the Dow, with the NASDAQ trailing even further down
on a percentage basis. Gold is up on
Ukraine tensions and oil is down moderately as excess supply numbers trump
Ukraine worries. Fasten your seat belt; turbulence
lies ahead.
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