Wall Street market report
- 5 August 2014
- From the section Business
(Close): US stocks closed lower on Tuesday, with the sell-off picking up steam at the end of the session, amid fears over the conflict in Ukraine.
The tech-heavy Nasdaq fell 31.05 points to 4,352.83.
In after-hours trading, shares in 21st Century Fox rallied on news that it had withdrawn its bid for Time Warner, estimated at $80bn.
Time Warner, on the other hand, saw its shares tumble in after market trade.
Shares in the retailer Target also fell, closing down more than 4%, as it announced $148m in new costs linked to a data breach suffered last year.