The tension between Russia and Ukraine escalated again, and the three major U.S. stock indexes fell together on Tuesday.
Russia's announcement to send troops to Ukraine's Netsk and Donbas regions for "peacekeeping" and the withdrawal of its diplomats in Ukraine sent the Dow down more than 700 points at one point, but after US President Biden announced a series of expected sanctions After the measures, the decline narrowed and closed down 482 points; the benchmark index fell 1%, falling into the technical adjustment zone for the first time in two years.
The Dow Jones closed at 33,596 points, down 482 points or 1.42%; the S&P 500 closed at 4,304 points, down 44 points or 1.01%; the Nasdaq closed at 13,381 points, down 166 points or 1.23%.
Home Depot's earnings beat expectations, but it still fell 8.85%, making it the worst performer on the Dow.
Boeing fell 4.92% amid the tense geopolitical situation.
Major tech stocks also fell.
Apple fell 1.78%, Amazon fell 1.58%, Tesla fell 4.14%, NVIDIA fell 1.07%, Alphabet fell 0.45%, Meta fell 1.98%, and Microsoft fell 0.07%.
U.S. stocks｜Russia withdraws its diplomats in Ukraine The Dow has plunged more than 700 points. The situation in Russia and Ukraine｜Goldman Sachs: If the crisis in Russia and Ukraine breaks out, the Nasdaq may fall by about 10%. In addition to the situation in Russia and Ukraine, Wall Street predicts that high oil prices will become another Worried Bank of Montreal Strategist Says Recession Concerns Are Exaggerated, S&P 500 Up 20% By Year-end, Two Growth Stocks Test Key Support Levels This Week
