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Dow Drops 100 Points on News of Ukraine Violence

Aug 15, 2014

The Dow Jones Industrial Average dropped more than 100 points Friday on reports that the Ukrainian military destroyed Russian military vehicles that entered into Ukraine. Investors are concerned about further escalation.

Russian military vehicles carrying aid entered Ukraine over night following a days-long standoff over whether the more than 200 vehicles could enter the country, CNBC reports. The Ukrainian military destroyed the vehicles as they crossed, Ukrainian President Petro Poroshenko's told British Prime Minister David Cameron by phone.

"The President informed that the given information was trustworthy and confirmed because the majority of that machines had been eliminated by the Ukrainian artillery at night," read a statement on Poroshenko's website.

The decline around noon Eastern time erased earlier Friday morning gains on news that Coca-Cola had bought a $2 billion stake in Monster. Markets around the world declined similarly.

[CNBC]

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