Ukraine and Gaza fears hit stocks again

Written By limadu on Senin, 21 Juli 2014 | 21.29

nyse premarkets 040114

NEW YORK (CNNMoney)

The Dow fell about 76 points in early trading. The S&P 500 and Nasdaq indexes also began the day lower. Here's what you need to know.

International markets: Fighting in Ukraine has intensified early this week, and European markets are broadly lower. The FTSE 100 is down 0.4%, and Germany's DAX is down 1.24%. Asian stocks ended the day mixed. Russian stocks were down more than 2% as well.

Tobacco trouble: Tobacco stocks are wilting in the face of a potential $23.6 billion jury award to the Florida widow of a man who died from lung cancer.

Reynolds American (RAI) fell 2.6% in early trading, and Lorillard (LO), which Reynolds agreed to buy last week, is down 2%. Philip Morris (PM) shares fell nearly 1%, and Altria Group (MO) was down about 1.5%.

Related: Here's a bit more context on the case

Fast food funny business: Fast food giants McDonald's (MCD) and Yum! Brands (YUM), which runs KFC, Taco Bell and Pizza Hut, are dealing with a tainted meat scandal in China.

McDonald's' cut ties to a meat supplier after supposedly buying tainted beef and Yum did the same when it ran into tainted chicken. Yum shares are down 2.8% in early trading and McDonald's stock is off 0.6%.

Related: This is the latest in a streak of Chinese food safety scandals

Malaysian Airlines: After Thursday's crash of MH17 over Ukraine thrust Malaysian Airlines back into the headlines, investors are nervous.

Related: Can Malaysia airlines survive the latest tragedy?

Shares listed in Kuala Lumpur are down 35.5% for the year, and some are wondering if the airline will need to go bankrupt.

First Published: July 21, 2014: 9:52 AM ET


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