NEW YORK (TheStreet) -- U.S. stocks had a lower close Thursday as investors fretted about renewed geopolitical risks, which also fed into concerns that there have been increased signs of deflationary spiral dangers coming out of Europe.
Watch the video below for a closer look at how U.S. markets ended on Thursday:
Geopolitical caution seeped into the markets after Ukraine President Petro Poroshenko's statement that Russia has invaded Ukraine. The event added to jitters about eurozone deflationary pressures after the single-currency bloc's largest economy posted disconcerting data amid a spate of low national inflation reports. Germany reported an unexpected rise in unemployment in August and a low annual inflation rate of 0.8% for August. Meanwhile the decline in Spanish consumer prices accelerated and Belgium's inflation rate dropped to its lowest level in nearly five years.
The Dow Jones Industrial Average
While much of Thursday's chatter had been about Russia and Ukraine, tepid data out of Europe also was a big driver of the defensive action, a much deeper problem in the long run and particularly bad for those who are long equities, said Charlie Bilello, director of research at Pension Partners. Europe doesn't need Ukraine's help to continue experiencing a further slowdown, one that could hurt the U.S. In the bigger picture, the Ukraine-Russia situation appears more contained by comparison than many would want to admit, said Bilello.