Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move back in February.Marketsread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Trump starts the campaign season in an unusual spot for a president: overseeing a strong economy but facing low approval ratings.Politicsread more
The major Wall Street analysts say Facebook's Project Libra has a bright future.Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
Shares of Beyond Meat soared 18% Tuesday morning, surpassing $200 per share and setting a new all-time high.Food & Beverageread more
Google Calendar is down around the world, but you can install the Google Calendar app on your phone or tablet to still see your events.Technologyread more
U.S. stocks tumbled on Thursday, with the Dow falling back below 17,000, as investors fled equities and other risky assets after the crash of a passenger plane in Ukraine and as Israel launched a ground offensive in Gaza.
The crash of a Malaysia Airlines Boeing 777 with 295 people aboard near the Russian border followed new U.S. and European Union sanctions on Russia.
Stocks lost more ground in the "last half hour on whatever new information is out on the Ukraine plane situation, plus the Israeli ground invasion on the strip has started," said Stephen Carl, head equity trader at the Williams Capital Group.
In Israel, Prime Minster Benjamin Netanyahu said he had instructed the nation's military to begin a ground offensive in Gaza.
"The airliner news only adds to the drama around an unsettled market environment for those watching geopolitical events, not only Ukraine, but Israel and Iraq," said Jim Russell, senior equity strategist for US Bank Wealth Management.
After wavering near unchanged, stock indexes turned decisively lower after the reports involving Malaysia Airlines Flight 17. The price of gold and crude surged and Treasury yields fell.
"Everybody is scrambling to figure out what the details are, and until some of that gets resolved, we'll be in limbo. The concerns about global growth are being replaced by the geopolitical piece," said Jim Dunigan, managing executive, investments, PNC Wealth Management.
"It's certainly a less-than-stable environment when you look outside our borders; inside it remains very positive. But we're not insulated from all the spots where tension is flaring up, so it distracts from the normal attention on earnings," Dunigan added.
The Chicago Board Options Exchange Volatility Index, a measure of investor uncertainty, rose 35 percent to 14.85, its highest in more than a year.
"Everything was going fine until we had news of a Malaysian plane crash near the Russian border," said Art Hogan, chief market strategist at Wunderlich Securities.
Mayalysia Airlines said it had lost contact with the MH17, while the Associated Press quoted a Ukraine government minister as saying a plane had been shot down.
Microsoft shares rose after the software giant said it would cut 18,000 jobs in the next year. Morgan Stanley turned lower after the brokerage reported quarterly results, and UnitedHealth Group gained after its earnings beat estimates.
Read MoreMicrosoft plans to slash jobs
The Dow Jones Industrial Average fell 161.39 points, or 0.9 percent, to 16,976.81, with Intel leading blue-chip losses that extended to 27 of 30 components. It had risen 13 points to an intraday record of 17,151.56.
The fell 23.45 points, or 1.2 percent, to 1,958.12, with energy losing the most among its 10 sectors, all of which declined.
The Nasdaq lost 62.52 points, or 1.4 percent, to 4,363.45.
For every share rising, four fell on the New York Stock Exchange, where 705 million shares traded. Composite volume neared 3.4 billion.
Gold futures jumped $17.10, or 1.3 percent, to $1,316.90 an ounce; the yield on the benchmark Treasury note fell 7 basis points to 2.457 percent.
The dollar gained and crude-oil futures rose $1.99, or 1.9 percent, to $103.19 a barrel.
Equities began the session in the red after the United States and European Union imposed sanctions on Russian banks, energy companies and defense companies in another try at getting Russia to stop its backing of Ukrainian rebels.
Economic reports offered differing messages on the housing and labor markets, with housing starts unexpectedly falling in June, applications for jobless benefits declining last week and a gauge of manufacturing activity in the Philadelphia region expanding in July.
"The market is ready for a pullback, if it could find an excuse. The problem is the data are not providing it," said David Kelly, chief market strategist at J.P. Morgan Funds, speaking ahead of the reports involving the Malaysian passenger plane.
"The market is in its 33rd month without a 10 percent or more correction; everybody is scratching their heads and looking for a correction that hasn't occurred," offered Russell.
On Wednesday, U.S. stocks rose, again lifting the Dow into uncharted terrain, with investor sentiment boosted by corporate earnings and deals.
—By CNBC's Kate Gibson
Coming Up This Week:
9:55 a.m.: Consumer sentiment
10:00 a.m.: Leading indicators
More From CNBC.com: