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Reports of fighting in Ukraine erase stock gain

Reports of renewed conflict in Ukraine wipe out US stock market gain
Posted on Aug. 15, 2014 at 12:00 a.m. | Updated on Aug. 15, 2014 at 11:51 a.m.

NEW YORK (AP) — Reports of renewed fighting in Ukraine are sending stocks lower in midday trading.

Major U.S. indexes are still headed for a solid gain for the week.

Stocks opened higher but turned lower in mid-morning trading Friday following reports that Ukrainian soldiers attacked a Russian military convoy that had entered the country.

Bond prices rose as investors sought safety, driving the yield on the 10-year Treasury note down to 2.32 percent, its lowest level this year.

The Dow Jones industrial average was down 78 points, or 0.5 percent, to 16,635 as of noon Eastern time. It was up 61 points earlier.

The Standard & Poor’s 500 fell seven points, or 0.4 percent, to 1,947. The Nasdaq lost seven points, or 0.2 percent, to 4,445.




 FBI Director James B. Comey, right, gestures as U.S. Attorney Amanda Marshall stands at left during a news conference in Portland, Ore., Wednesday, Oct. 1, 2014. Comey spoke after the sentencing in federal court of Mohamed Mohamud, who was convicted last year of a terrorism charge. (AP Photo/Don Ryan)

Posted 32 minutes ago
 FILE  - In this June 27, 2012 file photo, pedestrians cross a street near the Bank of Stockton in Stockton, Calif.  A federal judge could rule Wednesday, Oct. 1, 2014, on a bankruptcy exit plan for Stockton, an inland port city in California that in 2012 became the largest city in the U.S. to file for Chapter 9 protection before Detroit filed last year. U.S. Bankruptcy Judge Christopher Klein has scheduled a hearing in Sacramento in a trial that has lasted more than four months. (AP Photo/Gosia Wozniacka, File)

Posted 33 minutes ago
 A police officer stands by the scene of a shooting in Bell Gardens, Calif., Tuesday, Sept. 30, 2014. Authorities say Mayor Daniel Crespo, of the Los Angeles suburb of Bell Gardens, has been shot to death and his wife is in custody. (AP Photo/Nick Ut)

Posted 42 minutes ago
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