MARKETS
Dow futures drop more than 800 points after Russia attacks Ukraine
PUBLISHED WED, FEB 23 20226:03 PM ESTUPDATED 3 MIN AGO
Tanaya Macheel
U.S. futures point to sharply lower open as Russia attacks Ukraine
U.S. stock futures fell sharply early Thursday as Russia attacked Ukraine, sending indexes off 2% as the aggression sparked more unease on Wall Street.
Dow futures fell 825 points, or 2.5%, while futures tied to the S&P 500 were down 2% and further into correction territory. Nasdaq 100 futures declined 2.6%, hovering around bear-market levels for the tech-focused index.
Meanwhile, oil prices popped, with West Texas Intermediate futures trading 8.6% higher at just shy of $100 per barrel. Global benchmark Brent jumped 8.75% to $105.31 per barrel, passing the $100 level for the first time since 2014. Treasury yields tumbled, with the benchmark 10-year note declining to 1.87% as investors sought safe-haven bonds.
Bank stocks were among the big early losers, with Bank of America down 4% and Bank of New York Mellon slumping 6.3% in premarket trading. Economically sensitive companies also took a hit, with Deere and Delta Air off 5% and cruise line operator Carnival sliding 6.2%.
CNBC.com
Dow futures drop more than 800 points after Russia attacks Ukraine
PUBLISHED WED, FEB 23 20226:03 PM ESTUPDATED 3 MIN AGO
Tanaya Macheel
U.S. futures point to sharply lower open as Russia attacks Ukraine
U.S. stock futures fell sharply early Thursday as Russia attacked Ukraine, sending indexes off 2% as the aggression sparked more unease on Wall Street.
Dow futures fell 825 points, or 2.5%, while futures tied to the S&P 500 were down 2% and further into correction territory. Nasdaq 100 futures declined 2.6%, hovering around bear-market levels for the tech-focused index.
Meanwhile, oil prices popped, with West Texas Intermediate futures trading 8.6% higher at just shy of $100 per barrel. Global benchmark Brent jumped 8.75% to $105.31 per barrel, passing the $100 level for the first time since 2014. Treasury yields tumbled, with the benchmark 10-year note declining to 1.87% as investors sought safe-haven bonds.
Bank stocks were among the big early losers, with Bank of America down 4% and Bank of New York Mellon slumping 6.3% in premarket trading. Economically sensitive companies also took a hit, with Deere and Delta Air off 5% and cruise line operator Carnival sliding 6.2%.
CNBC.com