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Obama’s Crimea Comments Lead to Lower Stocks

Obama’s Crimea Comments Lead to Lower Stocks (Bloomberg)

After U.S. President Barack Obama commented that the Crimea-Ukraine-Russia situation was testing the international order, investors responded by sending stocks lower for the day. “Investors around the world have been waiting to see what kind of reaction the United States and the EU would really take regarding Russia’s annexation of Crimea beyond sanctions,” Frederic Dickson, chief investment strategist at D.A. Davidson & Co. in Lake Oswego, Oregon, said. “Any hints of escalation in terms of rhetoric or action would probably trigger investors to stand back and take recent profits.”

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