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Wall Street losses mount amid simmering Ukraine crisis

Wall Street
Posted at 4:53 PM, Feb 23, 2022
and last updated 2022-02-23 16:53:43-05

NEW YORK (AP) — Wall Street’s losses mounted Wednesday as world leaders waited to see if Russian President Vladimir Putin orders troops deeper into Ukraine.

The S&P 500 fell 1.8% to an 8-month low, worsening what is now the benchmark index’s second correction in two years.

The technology-heavy Nasdaq lost 2.6% led by losses in Apple and Microsoft.

The Dow Jones Industrial Average fell 1.4%. U.S. Treasury yields inched higher, as did gold prices.

A potential war in eastern Europe has added to investors’ concerns about the global economy.