Wall Street Falls On Ukraine Tensions But Off Lows In Later Trade

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Wall Street Falls On Ukraine Tensions But Off Lows In Later Trade

by Wochit 0:51 mins

Wall Street Falls On Ukraine Tensions But Off Lows In Later Trade

by Wochit 0:51 mins

U.S. stocks fell on Monday alongside other risk assets globally as Ukraine and Russia prepared for possible war after Russian President Vladimir Putin declared he had the right to invade his neighbor. Ukraine mobilized for war on Sunday and Washington threatened to isolate Russia economically as Moscow's biggest confrontation with the West since the Cold War unfolded. The S&P 500 had closed at a record high on Friday, and profit-taking was expected on Wall Street due to the political uncertainty. Russian stocks and bonds fell sharply and the central bank hiked interest rates to defend the ruble.

Wochit

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