Stock correction deepens amid simmering Ukraine crisis

Published February 23, 2022 9:42 AM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

NEW YORK (AP) — Stocks fell in afternoon trading on Wall Street Wednesday, extending a day-earlier slump as tensions between Russia and Ukraine continue. The S&P fell 1% as its correction deepened. The Dow Jones Industrial Average fell 0.7% and the Nasdaq fell 1.4%. Retailers and technology stocks led the losses. Investors continued to take cues from developments in Ukraine, where Russia has started evacuating its embassy in Kyiv, while Ukraine urged its citizens to leave Russia. Oil prices remained volatile, though energy stocks gained ground. The 10-year U.S. Treasury rose.

Article Topic Follows: AP National Business

Jump to comments ↓

associatedpress

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.