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Stocks Drop After Reports of New Fighting in Russia-Ukraine Conflict

Susannah Lee
8/15/14 12:05 PM EDT
U.S. Stocks are trying to pull themselves up on Friday after a big drop on news of fresh fighting in the Russia-Ukraine conflict. The markets opened higher on speculation the situation there was de-escalating. Investors moved into the usual safe havens as they fled the equities market. The yield on the benchmark U.S. 10 year Treasury is down sharply. Consumer sentiment unexpectedly fell in August. The University of Michigan index came in at its lowest level since November. Applied Materials (AMAT) is one the few gainers in Friday's session. The company reported quarterly sales and earning that beat expectations. Another bright spot, Estee Lauder (EL) reported that its latest quarterly profit doubled. TheStreet's Susannah Lee has details from New York.
Stocks in this video: AMATEL

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