MARKET WATCH
Dow: Down 50.67 to 16,662.91
Nasdaq: Up 11.93 to 4,464.93
S & P 500: Down 0.12 to 1,955.06  
Oil: Up $1.77 to $97.35 per barrel
Gold: Down $9.40 to $1,304.50
Silver: Down $0.381 to $19.490
Bond: Down 0.06 to 2.34 percent
Russell: Down 1.69 to 1,141.65 at 0.15 percent

Renewed fighting in Ukraine rattles stocks

NEW YORK -- Renewed fighting in Ukraine rattled markets on Friday. Reports that Ukrainian forces attacked Russian military vehicles that had crossed the border knocked stock markets down in the afternoon and sent traders into the safety of U.S. government bonds.

By the end of the day, the Standard & Poor's 500 index was back to where it started as investors realized that a wider conflict wasn't underway.

John Canally, the chief economic strategist at LPL Financial, said it's understandable that traders dropped stocks in response to the flare-up. "Anyone who doesn't want to lose their job over the weekend sells first and asks questions later," he said.

Canally suspects the dispute between Russia and Ukraine will likely follow the pattern of recent months. Worrying headlines will be followed by soothing speeches. "We've been here before," he said.
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