Dow Loses 75 Points

Posted on: August 7th, 2014 by ABC News No Comments

iStock/Thinkstock(NEW YORK) — Stocks edged lower in Thursday-afternoon trading as investors remained troubled by escalating tensions between Russia and the West over Ukraine. 

The Dow Jones Industrial Average went down 75.07 points to 16,368.27. The Nasdaq lost 20.08 points, closing at 4,334,.97, while the S&P 500 lost 10.67 points, ending the day at 1,909.57.

Fewer people sought jobless benefits last week, as jobless claims remain at relatively low levels. The Labor Department says weekly applications for unemployment fell 14,000, to a seasonally adjusted 289,000.

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