The Dow Jones Industrial Average (DJI) retreated from its perch atop 17,100 -- and the S&P 500 Index (SPX) surrendered its short-term footing atop 2,000 -- as investors grew nervous over the latest developments between Russia and Ukraine. In fact, this international conflict outweighed better-than-expected gross domestic product (GDP) and jobless claims data. Amid these worries, the CBOE Volatility Index (VIX) finally snapped its streak of sub-12 finishes, after spending more than a week below the critical mark.
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The Dow Jones Industrial Average (DJI - 17,079.57) gave up 42.4 points, or 0.3%, to finish below the 17,100 level for the first time in the last three days. Eighteen of the Dow's 30 components ended in the red, paced by Visa Inc's (NYSE:V) 1.2% loss. The other 12 closed in the green, led by The Home Depot, Inc.'s (NYSE:HD) 0.7% gain.
The S&P 500 Index (SPX - 1,996.74) pulled back from yesterday's record close -- and finished below the double-millennium mark for the first time since Monday -- with a loss of 3.4 points, or 0.2%. The Nasdaq Composite (COMP - 4,557.69) finished down 11.9 points, or 0.3%.
The CBOE Volatility Index (VIX - 12.05) posted a 0.3 point, or 2.3%, gain, amid the aforementioned turmoil overseas. In so doing, the market's "fear gauge" closed above 12 for the first time since Aug. 19.
5 Items on Our Radar Today:
For a look at today's options movers and commodities activity, head to page 2.
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