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 Dow Jones fell 139.91 points to 16,429.47 while the S&P 500 lost 18.78 points to 1,920.21.

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In after-hours trading, shares in 21st Century Fox rallied on news that it had withdrawn its bid for Time Warner, estimated at $80bn.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.