The Dow Jones Industrial Average was down 0.7% at 33,350.65, the S&P 500 was down 1.04% at 4,259.80 and the Nasdaq Composite was down 1.4% at 13,189.97.
This Wednesday in the latest sign of a Russian military onslaught, Ukraine declared a state of emergency and told its citizens in Russia to flee, while Moscow began evacuating its embassy in Kiev.
Ukraine has also blamed Russia for a series of cyberattacks, after state websites, including government and foreign ministry homepages, remained inaccessible.
While, US President Joe Biden’s administration is expected to announce that it will allow sanctions against Nord Stream 2 AG to move forwardthe company tasked with building Russia’s Nord Stream 2 gas pipeline, CNN reported, citing US officials.
“At this point, it is unclear if we are just seeing geopolitical tension that will ultimately be managed through diplomacy or if we are heading towards a war-like situation,” said Geetu Sharma, founder and investment manager, AlphasFuture. LLC.
Energy stocks rose 0.9% on the back of a recovery in oil prices.
Notably, US equities had a turbulent start to 2022, as increased geopolitical tension weighed on investor confidence, already dented by concerns about the Federal Reserve’s aggressive tightening of monetary policy to combat inflation. .
The drop in mega-cap stocks on inflation fears has sent the Nasdaq down 14% so far this year, while the S&P 500 is down nearly 10%. The Dow fell about 8%.
Source: Ambito
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