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U.S. stocks end lower amid geopolitical tensions
EMC rallies on Elliott Management Corp stake news
NEW YORK (MarketWatch) — U.S. stocks closed lower on Monday as investors remained jittery amid escalating war in Gaza and possible tougher sanctions against Russia.

The death toll inside Gaza mounted over the weekend as Israel stepped up its ground war, while European policy makers debated tougher sanctions against Russia in the wake of the downing of a Malaysia Airlines passenger jet.

The S&P 500 (SNC:SPX) closed 4.58 points, or 0.2%, lower at 1,973.64, with 9 of 10 sectors in the red. The Dow Jones Industrial Average (DJI:DJIA) shed 48.45 points, or 0.3%, to 17,051.73. The Nasdaq Composite (NASDAQ:COMP) slipped by 7.44 points, or 0.2% at 4,424.70.

Quincy Krosby, market strategist at Prudential Financial, said that investors do not react to geopolitical news unless they think it would impact the earnings potential of companies.

“There is a notion that markets are callous to horrendous events in Gaza and Ukraine, but markets are not think-tanks. At the end of the day, it’s all about companies’ abilities to earn a profit,” Krosby said.

There were no economic events for Monday and a scant amount of earnings, leaving investors to face down a day of rising global tensions. http://www.marketwatch.com/story/us-stocks-futures-dip-on-israel-russia-headlines-2014-07-21