Wall Street markets edged lower in early trading on Friday because of concerns of an escalation in the Ukrainian crisis after a Russian aid convoy entered the country.
Investors were also looking ahead to a meeting of central bankers for clues about when the Federal Reserve might start raising interest rates.
KEEPING SCORE The Dow Jones industrial average fell 0.17 percent and the Standard & Poor's 500-stock index was down 0.24 percent. The Nasdaq composite index dropped 0.20 percent. Germany's DAX was down 0.4 percent, while Britain's FTSE 100 was flat. France's CAC 40 dropped 0.8 percent.
UKRAINE Markets turned lower after a Russian convoy of aid entered Ukraine, defying the government there. The trucks are meant to bring supplies to residents in rebel-held zones where separatists are fighting with the Ukrainian government. There are concerns that the move by Moscow could cause a direct confrontation between Ukrainian and Russian units.
YELLEN SPEECH Later in the day, attention will turn to Jackson Hole, Wyo., where Janet L. Yellen, the Federal Reserve chairwoman, speaks at the annual conference of central bankers and other policy makers from around the globe. Her speech on labor markets will be parsed by investors looking for any hints on the timing of interest rate increases. Economists widely expect her to stick to her position that the job market isn't yet strong enough to allow the Fed to begin raising rates, which means markets will stay higher.
DRAGHI'S TURN The Jackson Hole meeting's other big speech will be given by the European Central Bank chief, Mario Draghi. He is expected to give his view on the eurozone economy, which is stagnating even as rates are ultralow and stimulus is plentiful. "Over all, the tale of two speeches today is likely to be that monetary policy stimulus is still here for a while yet in the U.S., and a very long while in Europe," said a Rabobank analyst, Michael Every.
ASIA'S DAY Japan's benchmark Nikkei 225 erased morning gains to close 0.3 percent lower as the yen strengthened. Kospi of South Korea added 0.6 percent. The Hang Seng in Hong Kong advanced 0.5 percent and the Shanghai Composite in mainland China gained 0.5 percent. In Australia, the S&P/ASX 200 edged up 0.1 percent.
COMPANY REPORTS Gap rose 3 percent after reporting higher profit in the latest quarter.
CURRENCIES The euro edged down to $1.3264 from $1.3278 in late trading Thursday. The dollar weakened to 103.81 yen from 103.84 yen.
ENERGY Benchmark crude oil for October delivery fell 32 cents to $93.64 in electronic trading on the New York Mercantile Exchange. The contract rose 51 cents on Thursday.
BONDS Bond prices rose. The yield on the 10-year Treasury note fell to 2.40 percent.
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