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Ukraine tensions, Home Depot drag Wall Street lower; Dow falls 270 points

The S&P 500 was down 16.85 points, or 0.39%, at 4,332.02, and the Nasdaq Composite was down 46.13 points, or 0.34%, at 13,501.94

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US (Photo: Reuters)
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US (Photo: Reuters)

Reuters
Wall Street's main indexes slipped on Tuesday as shares of Home Depot slumped after earnings, while the prospect of harsh Western sanctions against Russia over its conflict with Ukraine kept investors on edge.

Seven out of the 11 major S&P 500 sectors were lower, with consumer discretionary stocks leading the way with a 1.6% decline.

Home Depot Inc fell 6.8% after the home improvement chain reported a decline in gross profit margins for the holiday quarter due to a jump in transportation and labor costs. Its stock was the biggest drag on the Dow.

Global stocks took a beating after Russian President Vladimir

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 22 2022 | 8:56 PM IST

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