Closing Bell: Geopolitical Worries Weigh on Wall Street, BlackBerry Soars

Stocks remain in the red through to close on worries over international worries.

Author:: Valerie Young
Publish date:: Apr 12, 2017 4:34 PM EDT

Stocks closed lower Wednesday as markets grappled with geopolitical uncertainty. The industrials and materials sectors led stocks lower by over 1%. BlackBerry (BBRY) popped nearly 16% after the company announced it was awarded more than $814 million of royalty payments in an arbitration against Qualcomm (QCOM) - Get Report . Qualcomm shares fell. Tractor Supply (TSCO) - Get Report shares dropped after the company announced disappointing first-quarter results after the bell on Tuesday, saying it expected same-store sales to fall 2.2% and to miss profit expectations by as much as 8 cents. Finally, United Airlines (UAL) - Get Report shares continue to decline as the company deals with the fallout from the video of a passenger being violently dragged off a United plane for not voluntarily giving up his seat.