US STOCKS-Wall St flat amid Ukraine uncertainty

martes 12 de agosto de 2014 10:31 GYT
 

* S&P 500 more than 2 percent from record close

* Investors continue to watch geopolitical tensions

* Intercept, Exact Sciences jump on drug news

* Dow up less than 0.1 percent; S&P, Nasdaq flat (Updates to market open)

By Ryan Vlastelica

NEW YORK, Aug 12 (Reuters) - U.S. stocks were little changed on Tuesday as uncertainty continued to swirl around the tense situation in Ukraine, even as many investors bet that it would not escalate dramatically.

Equities have come under pressure because of the unrest between Russia and Ukraine, with the S&P 500 at one point down about 4 percent from a record closing high hit in late July. The benchmark has recovered some of that decline, and rose over the past two sessions, but it remains more than 2.5 percent below its record, suggesting traders may see bargains in the market.

Futures rose early in the premarket session, but subsequently came off their highs amid ongoing concerns about the region, with Ukraine reporting that Russia had massed 45,000 troops on its border. Russia said a convoy of 280 trucks carrying humanitarian aid had set off for Ukraine, and Western governments warned against using help as a pretext for an invasion.

"The situation seems a bit quieter now, with the aid going in, but it will take a while for this to play out, and this doesn't seem like a time for people to stick their necks out," said James Dunigan, chief investment officer at PNC Wealth Management in Philadelphia.   Continuación...