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Stocks Are Sliding And Traders Are Blaming The Latest On Russian Troop Movements

Aug 5, 2014, 23:24 IST

REUTERS/Shannon Stapleton A trader sits outside the New York Stock Exchange October 6, 2008.

Stocks are sliding.

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The Dow was down as much as 150 points to 16,420. The S&P 500 was off 19 points, nearly 1%, to 1,920. The NASDAQ was off 33 to 4,351.

Intel was down 3% on major volume.

Target also fell after profits missed forecasts.

Headlines about Russian troop movement near the border of Ukraine is one possible explanation for what's spooking stocks.

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There's also been a ramp-up in talk that the Fed could accelerate the end of its dovish environment monetary, whether through accelerating the tapering of its bond-buying program or raising interest rates sooner than expected.

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