Stocks were down Tuesday in light volume trading. Only 2.2 billion shares exchanged hands Tuesday on the New York Stock Exchange, well below the 3.1 billion daily average.

Investors eyed concerns in Ukraine and Russia and according to Randy Warren, chief investment officer of Warren Financial Service, they are "waiting for some kind of resolution."

Analysts don't expect the concerns over Russia and Ukraine to disrupt the market, but it is currently affecting markets.

"I don't think that indicates the market is about to fall apart here," said Peter Cardillo, chief market economist at Rockwell Global Capital. "I don't expect that to happen." 

Earlier in the trading day, stocks were mostly flat and that's because of good job numbers reported in the morning. Tuesday, job openings increased to 4.7 million in June versus 4.6 million in May. That's the highest amount of openings since February 2011.

The Dow Jones closed Tuesday 9.44 points lower or down 0.06 percent. The S&P 500 closed 3.17 points lower or down 0.16 percent. 

Shares of Kate Spade, the luxury accessories and handbags retailer, soared at market opening, almost hitting $43 per share, but then sunk all the way down to $28.30. The company reported better-than-expected profit and sales numbers.

Shares of Intercept Pharmaceutical rose by 17 percent Tuesday after the company reported positive data from their experiment for treating liver disease. Shares closed at $277 per share.

Tesla closed a little higher Tuesday after falling more than one percent in early trading. The Model S is reported to have "more than its share of problems" according to a Consumer Reports review. The publication had drove the car about 16,000 miles and found several issues with it. Tesla responded by saying they covered all the repairs with their warranty.

What do you think about today's markets? Are the concerns in Russia enough to keep the markets from making any gains?