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Global stocks drop amid heightened US-Russia tensions

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Markets experienced volatility Tuesday as investors weigh mounting tensions between Russia and the United States.

The Russian Defense Ministry said on Tuesday that it had already defeated a Ukrainian ATACMS attack in the western Bryansk region.

The turbulence comes after Moscow changed its nuclear doctrine following the Biden administration giving Ukraine permission to use longer-range weapons inside targets in Russia. Not only did US stocks fall, but investors piled into safe havens like gold and US debt. Gold prices increased on Tuesday and US Treasury rates dipped.Ukraine fired US-made ATACMS missiles into Russia's Bryansk region, Russia's Defense Ministry said Tuesday, in a major escalation.

 

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