Stocks on Wall Street ended mixed ( mixed ) on Wednesday (Thursday morning GMT ) , as investors cautious amid concerns over Ukraine crisis and waiting for more information about the direction of the economy .
The Dow Jones Industrial Average lost 11.17 points ( 0.07 percent ) to close at 16340.08 .
The broad-based S & P 500 added 0.57 points ( 0.03 percent ) to finish at 1868.20 , while the tech -heavy Nasdaq composite index closed up 16.14 points ( 0.37 percent) to 4323.33 .
"Investors are cautious ... because of global economic concerns and geopolitical shadowing Wall Street , " says a note from Wells Fargo Advisors market .
" In particular , uncertainty over Chinese economic data will come and tensions between Russia and Ukraine has been pressing the shares . "
" Two headlines that drive markets are China and probably still some thoughts about what is happening in Ukraine , " said David Levy of Kenjol Capital Management , echoed concerns about whether China is slowing down .
But Levy noted that the U.S. market still seems to have a solid foundation , after the S & P 500 hit a new record last week .
" Lately, every time we have retreated at all, we can not seem to string together for a few days down . This continues to demonstrate the strength of the market , " he said .
Herbalife nutritional products company sank 7.4 percent as the Federal Trade Commission launched an investigation into his business activities . Rival Nu Skin received support from the news, rising 6.5 percent .
Shares in EPL Oil and Gas jumped 28.8 percent after the Energy XXI said it would buy the company for $ 2.3 billion , a deal that would create a larger independent company specializing in offshore production in the Gulf of Mexico . Energy XXI shares fell 7.8 percent .
Mens Wearhouse shares lost 2.4 percent due to poor quarterly results were announced a day after the company revealed $ 1.8 billion deal to buy rival Jos. A. Bank .
Company blames quarterly loss of U.S. $ 30.4 million in the extreme winter weather that suppress traffic and promotion expenditure weight of the competitors .
Fashion retailer Express 10.2 percent as its profit slumped 57 cents per share missed expectations by two cents . Sales were also performing poorly . Chief executive Michael Weiss called the results " disappointing . "
Farmville creator Zynga gets a boost of 2.5 percent of the prospective valuation of U.S. $ 7.6 billion for rival King Digital Entertainment , maker of Candy Crush , the IPO document filed on Wednesday .
Reports that the U.S. Justice Department will investigate the decision of General Motors to withdraw 1.6 million slow car though have complained for 10 years over a dangerous ignition problems sending its shares fell 0.9 percent , after falling 5.2 percent on Tuesday .
Bond prices rose . The yield on U.S. 10-year bond fell to 2.73 percent from 2.77 percent , while the 30 - year bond fell to 3.67 percent from 3.71 percent . Prices and bond yields move inversely AFP .
Gold futures on the COMEX division of the New York Mercantile Exchange closed at its highest level since Sept. 9 on Wednesday (Thursday morning GMT ) , due to concerns over political turmoil in Ukraine .
The most active gold contract for April delivery rose 23.8 U.S. dollars, or 1.77 percent, to settle at 1370.5 dollars per ounce .
Several factors increase the long- term demand for gold this time , market analysts said . Tension in Ukraine , weakening currencies in emerging markets , the uncertainty surrounding Syria and Iran , as well as concerns over a slowdown in China's economy has been pushed all the appeal of gold as a " safe-haven " .
With all this background , global equities traded lower on Wednesday .
Gold has found new support approximately 1,300 U.S. dollars per ounce , market analysts said .
Silver for May delivery rose 54.3 cents, or 2.61 per cent to close at 21.358 dollars per ounce . Platinum for April delivery rose 11.7 dollars, or 0.8 percent to end at 1476.3 U.S. dollars per ounce , according to Xinhua .
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