Stocks fall again as Russia-Ukraine worries sink sentiment
CNN
Wall Street's attempt for a Wednesday rally failed as stocks sank in late afternoon trading due to continued worries about the likelihood of an imminent invasion of Ukraine by Russia.
The Dow was trading down more than 300 points, or 1.1%, in late trading after opening the session higher. The S&P 500 and Nasdaq were down 1.4% and 2.1% respectively. The Dow and Nasdaq are on track for their fifth straight day of losses.
The S&P 500 is now about 12% below its all-time high. That puts the index into correction territory — more than 10% below the recent peak. The Nasdaq is moving closer to bear market status, a 20% pullback from a high. The tech-heavy index is now 19% below its record levels.
Elected officials, Jewish advocacy groups and civil rights leaders are vowing to “push back” against the message of a White nationalist group that staged a march last week near downtown Columbus, Ohio, calling the demonstration an act of hate unwelcome in their community – and the United States more broadly.
Senate Democrats have confirmed some of President Joe Biden’s picks for the federal bench this week in the face of President-elect Donald Trump’s calls for a total GOP blockade of judicial nominations – in part because several Republicans involved with the Trump transition process have been missing votes.