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AP National Business

US stocks move broadly lower as Ukraine tensions persist

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KMIZ

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Published 9:33 AM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks fell broadly in afternoon trading on Wall Street Thursday as renewed fear that Russia would invade Ukraine put global financial markets on edge. The S&P 500 fell 2%, the Dow Jones Industrial Average fell 1.7% and the Nasdaq fell 2.6%. Technology stocks led the losses. Bond yields fell and weighed down banks. The yield on the 10-year Treasury slipped to 1.97%. Markets are still unsettled by tensions in Ukraine, and U.S. President Joe Biden said there was a high risk that Russia would invade the country. Energy prices fell and European markets closed lower. Walmart rose after reporting strong results.

Article Topic Follows: AP National Business

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