US stocks drop amid worries on Ukraine | Malay Mail

📆 2/22/2022 2:57 PM
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NEW YORK, Feb 22 — Wall Street stocks retreated early today as Russian President Vladimir Putin’s latest escalation of the Ukraine conflict stoked volatility in markets. Putin yesterday announced recognition of independence for two separatist enclaves in Ukraine — and moved troops into the...

NEW YORK, Feb 22 — Wall Street stocks retreated early today as Russian President Vladimir Putin’s latest escalation of the Ukraine conflict stoked volatility in markets.

Western governments condemned the move, with the German government halting certification of a key natural gas pipeline and Washington signaling imminent plans for “severe” sanctions. The broad-based S&P 500 dropped 0.4 per cent to 4,330.98, while the tech-rich Nasdaq Composite Index slid 0.3 per cent to 13,503.62.

“The continuum from worst to best, however, includes a lot of diplomatic potholes at the moment that could make for a bumpy ride.”

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