Investing.com - Investing.com - U.S. stocks ignored positive U.S. data on Wednesday and fell after President Barack Obama urged Europe not to get complacent over Russia's recent annexation of Crimea.
At the close of U.S. trading, the Dow 30 fell 0.60%, the S&P 500 fell 0.70%, while the Nasdaq 100 fell 1.43%.
Speaking in Brussels earlier, Obama told allies complacency against Russia could have serious consequences, including stiffer sanctions slapped on Russia if Moscow makes new incursions into Ukraine.
Economic sanctions could threaten Russia with a recession that could drag on the global economy.
Geopolitical concerns eclipsed positive data out of the U.S.
The Commerce Department reported earlier that U.S. durable goods orders rose 2.2% last month, wiping out two months of declines and surpassing expectations for a 1.0% increase.
Core durable goods orders, which exclude transportation items, inched up 0.2%, slightly below forecasts for a 0.3% gain.
Meanwhile in corporate news, social networking icon Facebook Inc (NASDAQ:FB) fell after the company bought 3D game company Oculus VR, while King Digital Entertainment PLC (KING.K), maker of the popular mobile game "Candy Crush," took a hit in its first day as a publicly traded company.
Leading Dow Jones Industrial Average performers included Merck & Company Inc (NYSE:MRK), up 1.48%, Pfizer Inc (NYSE:PFE), up 1.15%, and UnitedHealth Group Incorporated (NYSE:UNH), up 0.55%.
The Dow Jones Industrial Average's worst performers included J P Morgan Chase & Co (NYSE:JPM), down 1.68%, Microsoft Corporation (NASDAQ:MSFT), down 1.35%, and American Express Company (NYSE:AXP), down 1.30%.
European indices, meanwhile, finished higher.
After the close of European trade, the EURO STOXX 50 ex Financials rose 1.00%, France's CAC 40 rose 0.94%, while Germany's DAX rose 1.18%. Meanwhile, in the U.K. the FTSE 100 rose 0.01%.
On Thursday, the U.S. is to publish final data on fourth-quarter economic growth as well as weekly data on initial jobless claims and private-sector data on pending home sales.
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