Stock Market Today: GDP Grows but Stocks Dip on Ukraine-Russia Tensions

NEW YORK (TheStreet) -- U.S. stocks remained negative early afternoon Thursday as geopolitical caution sparked by Ukraine President Petro Poroshenko's statement that Russia has invaded Ukraine helped trigger a flight-to-safety rally. Poroshenko called an emergency meeting of the nation's security council and canceled a foreign trip, declaring that "Russian forces have entered Ukraine."

Watch the video below for a closer look at how U.S. markets are doing in midday trading Thursday:

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"The crisis in Ukraine returned to bite the markets again on Thursday," said Julian Jessop, chief global economist at Capital Economics.

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Markets were off session lows. The Dow Jones Industrial Average was down 0.19% to 17,089.80. The S&P 500 was down 0.1% to 1,998.04.The Nasdaq was down 0.13% to 4,563.50.

The search for safety pushed the Guggenheim CurrencyShares Japanese Yen Trust (FXY) up 0.14% to $93.90 and the SPDR Gold Trust (GLD) up 0.6% to $124.07.

The United States Oil Fund (USO)  rose 0.71% to $35.28 and the Guggenheim CurrencyShares Euro Trust (FXE) fell 0.18% to $129.89, influenced by worries about the impact rising Russia-Ukraine tensions could have on the single-currency bloc and how the fallout could affect global oil exports.

In London, the FTSE 100 slipped 0.36% to 6,805.80. In Frankfurt, the DAX declined 1.12% to 9,462.56. The CAC in Paris gave up 0.66% to stand at 4,366.04.

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