Wall Street losses mount amid Ukraine crisis
Updated: 2022-02-24 05:44
NEW YORK — Wall Street's losses mounted Wednesday. The S&P 500 fell 1.8% to a 14-month low, worsening what is now the benchmark index's second correction in two years.
The technology-heavy Nasdaq lost 2.6% led by steep losses in Apple and Microsoft. The Dow Jones Industrial Average fell 1.4%. U.S. Treasury yields inched higher, as did gold prices. A potential war in eastern Europe has added to investors' concerns about the global economy.
Technology companies led a broad slide on Wall Street in afternoon trading Wednesday that extended recent losses for the major indexes as the crisis in Ukraine kept markets on edge.
Agencies via Xinhua
