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Eastern Europe Plays Last-Minute Spoiler to Wall Street Rally

Michael Teague is a staff writer for Equities.com. His previous experience includes three years as the associate editor of Los Angeles-based Al Jadid Magazine, a bi-annual review of the arts & culture of the Middle East, where he contributed many articles on the region in the form of features and book & film reviews. His educational background includes a BA in French literature from the University of California, Irvine, where he developed a startling proclivity for anything having to do with the 19th century.
Michael Teague is a staff writer for Equities.com. His previous experience includes three years as the associate editor of Los Angeles-based Al Jadid Magazine, a bi-annual review of the arts & culture of the Middle East, where he contributed many articles on the region in the form of features and book & film reviews. His educational background includes a BA in French literature from the University of California, Irvine, where he developed a startling proclivity for anything having to do with the 19th century.
Wall Street was coasting to a day of rather uneventful gains throughout most of Wednesday’s session, at least until about 2 pm in the afternoon, which was about the time President Obama

Wall Street was coasting to a day of rather uneventful gains throughout most of Wednesday’s session, at least until about 2 pm in the afternoon, which was about the time President Obama addressed an audience in the Belgian capital of Brussels. The US President assured the international community that the West was not considering any form of military action to remove Russian troops from Crimea in Eastern Ukraine, but promised more serious sanctions that would affect the Russian economy. The despite the assurances about war, the threat of sanctions sent investors to the exits with as much profit as they could take, and pulled the floor out from under equities with alarming speed.

Results for Wednesday, March 26

  • Standard & Poor’s 500: -0.70 percent to 1,852.56 points

  • Dow Jones Industrial Average: -0.60 percent to 16,268.99 points

  • NASDAQ: -1.43 percent to 4,173.58 points

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