Stocks Plunge Ahead Of Open As Russia Attacks Ukraine; Dow Falls Over 800 Points
deadline.comShares plunged Thursday ahead of the open as geopolitical conflict deepened with Russian’s invasion of Ukraine, dampening investor sentiment.
Execs from Discovery touched on it in a conference call with analysts following earnings this morning.Dow Futures are currently down 830 points or 2.5%.
Nasdaq, S&P 500 and Russell 2000 are off by, respectively, 3.25%, 2.59%, 2.58% as Wall Streeters wonder if this is short sharp downturn created by uncertainty or a longer slough with ongoing economic fallout from sanctions and higher oil prices — which moved higher again today.The U.S.
is already in the grip of the highest inflation in decades, which has spurred the Fed anticipate a series of interest rate hikes this year that has also made markets jittery.The red ink is spread across the board, with the exception of oil companies (at least ones that don’t have interests in the region).
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