Wall Street losses mount amid simmering Ukraine crisis
By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers
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.
