Stocks Slip as Market Keeps Wary Eye on Iraq and Ukraine-Russia

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/ Source: CNBC.com

Stocks slipped in light volume trading on Tuesday for the first time in three sessions as developments in Ukraine and Russia rattled investors. The Dow Jones Industrial Average closed unofficially 9 points down, the S&P 500 slid 3 points and the Nasdaq lost 12 points. Reuters reported that Russia had sent a 280 truck convoy to Ukraine carrying humanitarian aid. NATO fears the aid may be a disguised bid to invade Ukraine, following its annexation of the country's Crimea region in March. Investors are "waiting for some kind of resolution," said Randy Warren, chief investment officer of Warren Financial Service. The uncertainty about Russia's intentions is affecting markets, but analysts aren't expecting major disruptions. "I don't think that indicates the market is about to fall apart here," said Peter Cardillo, chief market economist at Rockwell Global Capital. "I don't expect that to happen."

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- Evelyn Cheng, CNBC.com