iStock/Thinkstock(NEW YORK) — Markets tumbled Tuesday with the rise of international tensions, linked to China’s economy and the growing strain between Ukraine and Russia.
The Dow Jones Industrial Average lost 140 points to end the day at 16,429.47. The Nasdaq Composite fell 31 points at 4,352.84, and the S&P 500 finished down 19 at 1,920.21.
Target lowered its forecast for the company’s second quarter as a result of an increase in discounts offered following the retailer’s data breach.
Meanwhile, CVS Caremark’s earnings jumped 11 percent, exceeding experts’ expectations.
After a plan to buy Time Warner Inc., 21st Century Fox withdrew its bid to purchase the media corporation.
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