(New York) The New York Stock Exchange widened its losses on Tuesday as the war escalates in Ukraine, commodity prices soar and new Western sanctions loom against Russia.
In the middle of the session, the Dow Jones index, which had opened slightly in the red, dropped 2.02% to 33,209.22 points. The technology-dominated NASDAQ lost 1.32% to 13,568.58 points and the broader S&P 500 index lost 1.56% to 4,305.75 points.
NATO announced that it would hold an extraordinary meeting of the defense organization’s foreign ministers on Friday at the Alliance’s headquarters in Brussels.
Oil prices were soaring, the American barrel of WTI gained more than 10% while the barrel of Brent from the North Sea settled above 106 dollars, a new high since 2014.
Reflecting a rush of investors to safe values such as bonds, yields on 10-year Treasury bills fell to 1.70%, the lowest in a month and a half.