While you were sleeping: Wall Street slides

Tue, 05 Aug 2014

By Margreet Dietz Aug. 6 (BusinessDesk) - Wall Street dropped amid disappointing earnings from US companies including Motorola and increased concern about escalating tension in Ukraine. In late afternoon trading in New York, the Dow Jones Industrial Average dropped 0.96 percent, the Standard & Poor’s 500 index retreated 1.12 percent, while the Nasdaq Composite Index fell 0.92 percent. Slides in shares of Intel and Chevron, down 3.7 percent and 2.5 percent respectively, dragged the Dow lower. Shares of Exxon Mobil slumped 2.2 percent....

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