Crisis in Ukraine Leads To Sharp Drop; Car Companies Sales Suffer
Stocks drop sharply today due to all of the conflict in Ukraine, with the Dow Jones falling nearly 160 points. The only good news is that history shows that major events typically don't keep the market down for extended periods of time. The harsh winter weather lead to a drop in sales for many car companies. Ford (F) reported that its sales were down 6.1% from a year ago and General Motors (GM) sales were down 1%. Rising fuel costs are hitting the travel industry hard.Among the companies hardest hit are Delta Airlines (DAL), Starwood (HOT), and Expedia (EXPE).
Word on the Street
- Financial and economic impacts created by the crisis in Ukraine.
- Factory activity jumped to 53.2 in January despite harsh weather.
- Samsung entices customers with $500 worth of free apps and services.
- Olive Garden releases new logo and menu changes.
- Three Federal Reserve nominees face Senate hearing tomorrow.
- Harsh winter weather has delayed or cancelled 1 million flights.
- Five stocks to watch in March.
Published on Mar 3, 2014By InvestorGuide Staff