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Ongoing Ukraine Tensions Outweigh Positive Jobs Data, Lower Stocks

Ongoing Ukraine Tensions Outweigh Positive Jobs Data, Lower Stocks (Bloomberg)

The markets fell today, as tensions escalated in Ukraine. This overshadowed data showing the best U.S. payroll rise in two years. “The end result is neutral but it’s the positive of the jobs numbers being offset by greater concerns about what’s going on in the Ukraine,” said John Manley, chief equity strategist at Wells Fargo Funds Management in New York. “There’s more activity over there and that has the market a little bit worried. It’s something we will have to deal with for a while because I don’t see it going away right away.”

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