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Policy: Economy

US stocks move lower in quiet trade

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Photo - FILE - In this Feb. 10, 2011 file photo, American flags fly in front of the New York Stock Exchange, in New York. Asian stock markets were mostly higher Tuesday, Aug. 12, 2014, as tensions over Ukraine and Iraq eased, giving investors the confidence to dip into riskier assets. European shares drifted. (AP Photo/Mark Lennihan, File)
FILE - In this Feb. 10, 2011 file photo, American flags fly in front of the New York Stock Exchange, in New York. Asian stock markets were mostly higher Tuesday, Aug. 12, 2014, as tensions over Ukraine and Iraq eased, giving investors the confidence to dip into riskier assets. European shares drifted. (AP Photo/Mark Lennihan, File)
News,Business,Economy,Wall Street,Financial Markets

NEW YORK (AP) — Stocks are closing lower following two days of gains as investors focus on problems in Ukraine and Iraq.

Energy stocks fell more than the rest of the market, dragged down by a decline in the price of crude oil.

The Dow Jones industrial average lost nine points, or 0.1 percent, to close at 16,560 Tuesday. The Standard & Poor's 500 index fell three points, or 0.2 percent, to 1,933.

The Nasdaq composite fell 12 points, or 0.3 percent, to 4,389.

Kate Spade plunged 25 percent after executives for the handbag company warned that sales growth would slow this year.

U.S. government bond prices fell. The yield on the 10-year Treasury note rose to 2.45 percent.

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