U.S. Stocks, Bonds Fall Amid Ukraine Tensions: Markets Wrap
Jonathan Dickey • February 23, 2022
(Bloomberg) -- U.S. equities and European stocks slid Wednesday amid rising tensions with Russia after Ukraine said several government and bank websites had been subject to a cyberattack.
The S&P 500 fell 0.6%, pushing further into correction territory, while the Stoxx Europe 600 shed 0.3% after both indexes had gained more than 0.9% earlier in the session. Treasuries extended declines with the yield on the 10-year note briefly touching nearly 2%.
Investors have been weighing the potential impact of limited initial Western sanctions after U.S. President Joe Biden said Tuesday Russia had started to invade Ukraine. The sanctions -- and others by U.S. allies -- stopped short of sweeping measures, though officials warned they could be scaled up.
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