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NEW YORK (CNNMoney)
The Dow, S&P 500, and Nasdaq all fell in early trading as investors balanced corporate quarterly results and renewed fears about Ukraine.
Related: S&P cuts Russia's credit rating
Senior government officials told CNN that the U.S. could impose new sanctions on Russia as early as Friday for failing to take steps to reduce the tension in eastern Ukraine. Sanctions would target key allies of Russian President Vladimir Putin, high-profile oligarchs and possibly companies.
The latest reading on CNNMoney's Fear & Greed index shows sentiment is still languishing in "fear" mode.
Related: Fear & Greed Index still gripped by fear
Meanwhile, quarterly results keep rolling in. Ford (F, Fortune 500) shares fell 3% after the automaker reported its first quarterly earnings decline since 2012. Profits also were below analysts' estimates.
Shares of Dow component Visa (V, Fortune 500) tumbled after the credit card giant missed revenue forecasts.
Microsoft (MSFT, Fortune 500) bounced after the company reported first-quarter sales that exceeded analysts' expectations.
Amazon (AMZN, Fortune 500) reported better-than-expected earnings and revenue Tuesday, but investors weren't surprised, and shares tanked 8% as worries about rising costs at the tech giant surfaced. Starbucks (SBUX, Fortune 500) rose after reporting a gain in sales and earnings.
Related: CNNMoney's Tech 30
European indexes were lower in afternoon trading, with Germany's DAX down 1%. Germany is Russia's largest trading partner in Europe. New sanctions would hurt both economies.
Most major Asian markets finished the day down as well.
First Published: April 25, 2014: 9:50 AM ET
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