Stock correction deepens amid simmering Ukraine crisis
By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers
NEW YORK (AP) — Stocks fell in afternoon trading on Wall Street Wednesday, extending a day-earlier slump as tensions between Russia and Ukraine continue. The S&P fell 1% as its correction deepened. The Dow Jones Industrial Average fell 0.7% and the Nasdaq fell 1.4%. Retailers and technology stocks led the losses. Investors continued to take cues from developments in Ukraine, where Russia has started evacuating its embassy in Kyiv, while Ukraine urged its citizens to leave Russia. Oil prices remained volatile, though energy stocks gained ground. The 10-year U.S. Treasury rose.