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).

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Published on Mar 3, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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