The major US stock indices are all closing lower. Russia/Ukraine tensions escalate which lead to the continuation moved to the downside
- The Dow industrial average and NASDAQ index are down for the fourth consecutive day
- The S&P index is down for the third consecutive day.
- The Dow and Russell 2000 lead the way to the downside today with declines of over 1.4%
A look at the final numbers shows:
- Dow fell -482.57 points or -1.42% at 33596.62
- S&P fell -44.15 points or -1.01% at 4304.77
- Nasdaq fell -166.54 points or-1.23% at 13381.53
- Russell 2000 fell -29.16 points or -1.45% at 1980.30
The Biden administration announced that the US would impose sanctions on:
- Two Russian banks
- On Russian elites, family members
- On Russian sovereign debt
There could be more to come if things continue to escalate.
The markets tried to rally after Bidens speech, but the momentum faded into the close.