S&P Dow Jones will remove all Russia stocks from its indices

S&P Dow Jones, which manages both the S&P 500 index and the Dow Jones Industrial Average, said Friday it is stripping Russian stocks from its primary equity indices, adding to the financial isolation of the nation after it invaded Ukraine.

The index giant said it will remove Russian stocks listed or domiciled in Russia, including those trading via American depositary receipts, within its standard equity indices before the open of trading on March 9.