US STOCKS-Wall Street set to drop on threat of war in Ukraine

lunes 3 de marzo de 2014 10:19 GYT

* Russian stock market plunges 13 percent

* Gold stocks rise, tracking the metal's price move

* Futures down: Dow 130 pts, S&P 17 pts, Nasdaq 34 pts

By Rodrigo Campos

NEW YORK, March 3 (Reuters) - U.S. stocks were set to open sharply lower on Monday, alongside other risk assets, as Ukraine and Russia prepared for war after Russian President Vladimir Putin declared he had the right to invade his neighbor.

Ukraine mobilized for war on Sunday and Washington threatened to isolate Russia economically after Putin said he had the right to invade Ukraine, in Moscow's biggest confrontation with the West since the Cold War.

The S&P 500 closed at a record high on Friday, and profit taking was expected on Wall Street due to the political uncertainty.

"There's been a very significant rally," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.

"If you need an excuse to sell, this is a good one."   Continuación...