CNBC: Dow sheds 500 points, oil jumps on fear Russia could soon take military action in Ukraine
Stocks slid on Friday as increased tensions between Ukraine and Russia sent oil spiking and led investors to dump risky assets like equities.
Shares were mostly flat on the day until Ukraine-related headlines in afternoon trading caused traders to dump stocks and buy Treasurys.
The tech-heavy Nasdaq Composite fell nearly 3%, while the S&P 500 was down 2.1%. The Dow Jones Industrial Average dropped 527 points, or 1.5%. Stocks moved sharply lower in afternoon trading after a jump in oil prices that appeared to be tied to increased concerns about Russia taking military action against Ukraine.
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Update #1: Stocks slide and oil surges on renewed fears of Russia invasion of Ukraine (CNN)
Update #2: Dow falls over 400 points, oil hits $92 on Russia, Ukraine tensions (FOX News)
Update #3: Oil Soars; Ruble, Stocks Tumble On Report "US Believes" Putin Will Launch "Horrific, Bloody" Invasion Of Ukraine Next Week (Zero Hedge)
WNU Editor: For up-to-date stock market and commodity prices go here .... Markets: CNN Business.