U.S., European stocks fall amid worries over Russia-Ukraine conflict
- 2 years ago
Global markets are feeling the pinch of Russia's military operation in Ukraine, with US and European stocks sliding and oil prices surging to record levels.
The tech-rich Nasdaq Composite Index tumbled 1-point-6 percent while the Dow Jones Industrial Average and the broad-based S&P 500 dropped point-3 and point-5-percent respectively. The losses were greater in Europe, as Paris, Frankfurt and London stocks all shed at least 1-point-8 percent. Brent crude also reached nearly 120 dollars a barrel, the highest in about a decade. Gas prices are rising as well. Observers warn that consumers have to bear the brunt if energy prices continue to rise. The hike comes amid fears of supply disruptions due to the ongoing Russia-Ukraine military conflict.
The tech-rich Nasdaq Composite Index tumbled 1-point-6 percent while the Dow Jones Industrial Average and the broad-based S&P 500 dropped point-3 and point-5-percent respectively. The losses were greater in Europe, as Paris, Frankfurt and London stocks all shed at least 1-point-8 percent. Brent crude also reached nearly 120 dollars a barrel, the highest in about a decade. Gas prices are rising as well. Observers warn that consumers have to bear the brunt if energy prices continue to rise. The hike comes amid fears of supply disruptions due to the ongoing Russia-Ukraine military conflict.