Ahhh to live in interesting times. Who wants to be bored again? Count me in.
The Dow Jones Industrial Average fell about 630 points, or 1.9%, on course to close in correction territory. The S&P 500 dropped 1.3%; it reached correction territory earlier in the week. The Nasdaq Composite, which was recently off 0.8%, was earlier on pace to close in bear territory. The Cboe Volatility Index rose to the highest level in over 15 months.
The Russian attack, which was swiftly condemned by President Biden, heightens the pressure on a global economy already reeling from snarled supply chains and some of the highest inflation in years, with Europe likely to bear the brunt of the economic impact. Investors are worried that a war between Russia and Ukraine could threaten returns on their investments.Russian Attack on Ukraine Roils Markets – WSJ