Reuters
S&P 500 down 2% as Ukraine crisis sparks flight to safety
U.S. President Joe Biden said there was every indication Russia was planning to invade Ukraine in the next few days and was preparing a pretext to justify it, after Ukrainian forces and pro-Moscow rebels traded fire in eastern Ukraine. The Dow Jones Industrial Average fell 622.24 points, or 1.78%, to 34,312.03, the S&P 500 lost 94.75 points, or 2.12%, to 4,380.26 and the Nasdaq Composite dropped 407.38 points, or 2.88%, to 13,716.72. The yield on the benchmark U.S. 10-year Treasury note fell more than 7 basis points as investors bought U.S. government debt, considered among the most secure assets.