CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
✖

US shares down amid tensions in Ukraine and the ongoing Gaza conflict

Article By: ,  Financial Analyst
July 21, 2014 6:15 PM

US shares fell today (June 21st) as investors focus on recent developments in Ukraine and the ongoing conflict in Gaza.

At least five people have been killed and 70 injured by an Israeli strike on a hospital in Gaza, according to Palestinian reports. 

The Palestinian death toll from the two-week conflict has now passed 500, the majority of them civilians, according to Gaza's health ministry.

Overnight, more than 30 members of two Palestinian families died in Israeli strikes. Doctors say several Israeli tank shells hit the hospital's reception, intensive care unit and operating theatres.

Meanwhile, Hamas launched fresh rocket attacks. Israel said ten militants had been killed after using tunnels to get into Israel near the town of Sderot, the BBC reports.

In Ukraine, fighting flared in the city of Donetsk as investigators began to inspect the bodies of victims of a Malaysia Airlines jet with 298 people aboard that was shot down last week. 

The United States and its allies blame pro-Russian rebels and Moscow over the downing of the plane. Russia has denied involvement and blames the Ukrainian military.

The United States and the EU could now impose further economic sanctions against Russian interests.

"The geopolitical situation is an overarching damper on the market and underneath that this week we’re right in the heart of second quarter earnings," Matthew Kaufler, manager of Federated Investor Inc.’s Clover Value Fund, told Bloomberg. 

"While the market is net focused on earnings, we’re still trying to keep a pulse on what’s going on around the world."

The S&P 500 (SPX) lost 0.6 per cent to 1,965.88 at 11:01 ET in New York. The Dow Jones Industrial Average dropped 119.44 points, or 0.7 per cent, to 16,980.74.

Find up to date information on the FTSE 100 and spread betting strategies at City Index.

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024