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US stocks sink on Malaysia Arilines crash

Friday, 18 July 2014


US stocks tumbled Thursday after a Malaysian airliner crashed in rebel-held east Ukraine in an incident that some Ukrainians blamed on pro-Russia separatist forces. At the closing bell, the Dow Jones Industrial Average sank 161.48 points (0.94 per cent) to 16,976.72. The broad-based S&P 500 plummeted 23.41 (1.18 per cent) to 1,958.16, while the tech-rich Nasdaq Composite Index lost 62.52 (1.41 per cent) at 4,363.45, according to AFP.