Business

Jet downing, weak earnings rattle stock market

By The Associated Press
Published July 17, 2014 8:21pm ET
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Jet downing, weak earnings rattle stock market
FILE - In this Aug. 16, 2007 file photo, the flags on the facade of the New York Stock Exchange are a backdrop for a Wall Street street sign. European stocks were lower after most Asian markets abandoned modest gains Thursday July 17, 2014 ahead of U.S. economic data and corporate earnings reports. (AP Photo/Richard Drew, file) | RICHARD DREW

Stocks are closing sharply lower as traders worried about an escalation of tensions between Russia and the West following the downing of a passenger plane in eastern Ukraine.

Traders were also unsettled by poor corporate earnings and a weak indicator for the housing market.

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