Sun, Mar 16, 2014 - Page 15 News List

Crimea crisis pushes US stocks to year’s biggest fall

AFP, NEW YORK

Next week’s calendar includes a handful of corporate earnings reports, including Oracle Corp, FedEx Corp and Dow member Nike Inc.

It will also be a heavier week of economic releases, with major reports on housing starts and industrial production, as well as a two-day meeting of US Federal Reserve policymakers.

While these items will get attention, investors will be most focused on Ukraine, Ablin said, adding: “Investors generally have very short attention spans and they’re going to focus on the shiny object [in front of them].”

“This week, the shiny object is geopolitical developments and I think that’s where they’ll be focused next week,” he added.

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