Stock market information at the Nasdaq MarketSite in New York, the US. Picture: MICHAEL NAGLE/BLOOMBERG
Russia accused Biden of stoking tensions and released a strongly worded letter saying Washington was ignoring its security demands and threatening unspecified “military-technical measures”. “There’s a lot of nervousness out there and as we approach the weekend nothing’s been settled between Russia and Ukraine,” said Michael James, MD, equity trading at Wedbush Securities in Los Angeles.
The Dow Jones industrial average fell 622.24 points, or 1.78%, to 34,312.03, the S&P 500 lost 94.75 points, or 2.12%, to 4,380.26 and the Nasdaq Composite dropped 407.38 points, or 2.88%, to 13,716.72. TripAdvisor lost 2.50% after the hotel search website operator posted a surprise fourth-quarter loss. Albemarle plunged 19.91% as the lithium producer forecast downbeat annual earnings.
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