He is imposing measures to impede Russia’s ability to do business in the world’s major currencies, along with sanctions against banks and state-owned enterprises.News of Russia’s invasion of Ukraine had sparked a selloff at the open.
“There was a knee-jerk reaction overnight to the invasion by Russia into Ukraine, but the situation is still developing,” said Lindsey Bell, investment strategist at Ally Financial in New York. The Dow Jones Industrial Average fell 282.93 points, or 0.85%, to 32,848.83, the S&P 500 gained 8.64 points, or 0.20%, to 4,234.14 and the Nasdaq Composite added 232.64 points, or 1.78%, to 13,270.13.
Ukrainian forces battled Russian invaders on three sides on Thursday after Moscow mounted an assault by land, sea and air in the biggest attack on a European state since World War Two.
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