US stocks open sharply lower after Russia invades Ukraine | Malay Mail

📆 2/24/2022 2:04 PM
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NEW YORK, Feb 24 — Wall Street stocks opened sharply lower today, joining a global equity sell-off after Russia’s invasion of Ukraine lifted energy prices and prompted debate on further sanctions. About 20 minutes into trading, the Dow Jones Industrial Average was down 2.1 per cent at...

NEW YORK, Feb 24 — Wall Street stocks opened sharply lower today, joining a global equity sell-off after Russia’s invasion of Ukraine lifted energy prices and prompted debate on further sanctions.The broad-based S&P 500 also declined 1.6 per cent to 4,156.60, while the tech-rich Nasdaq Composite Index dropped 1.5 per cent to 12,843.65.

Now that the deterrent has failed, the effort is likely to see rapid escalation intended to inflict real pain on Russia’s already shaky economy. “I think that people thought something was coming,” said LBBW’s Karl Haeling. “But a lot of people didn’t think it would come this quick.”

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