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Stocks Extend Losses on Lackluster Earnings, Russian Sanctions and Decay in German Business Confidence

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Stocks continue to lose altitude Friday as global financial markets respond negatively to the possibility of more sanctions against Russia, deteriorating German business confidence and disappointing earnings from several U.S. firms. Consumer discretionary stocks were taking the biggest hit, largely due to disappointing earnings from Amazon ( AMZN ), fueling a near 1% loss in the Nasdaq Composite, while the Dow Jones Industrial Composite is lower for the third straight day after component company Visa ( V ) shed as much as 5% today after trimming its FY14 revenue forecasts.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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