Business Standard

Wall Street drops as Ukraine worries intensify; Dow falls 300 points

The S&P 500 lost 53.36 points, or 1.24%, to 4,251.4 and the Nasdaq Composite dropped 234.72 points, or 1.75%, to 13,146.79

Wall Street, US stocks, S&P, Dow Jones
Premium

The S&P 500 posted 2 new 52-week highs and 33 new lows; the Nasdaq Composite recorded 22 new highs and 444 new lows

Reuters New York
US stocks were sharply lower on Wednesday afternoon as Ukraine declared a state of emergency and the West unveiled more sanctions against Russia over its move into eastern Ukraine.

The US State Department said a Russian invasion of Ukraine remains potentially imminent, adding that Washington has not seen any indication of Russians backing away.

In a sign of a possible Russian military onslaught, Moscow began evacuating its Kyiv embassy. A sweeping cyberattack on Ukraine's state websites added to investor worries.

Nasdaq led the day's decline and was down about 1.8% in afternoon trading, while the information technology sector was the biggest drag on

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 24 2022 | 2:26 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com