Wall Street opens lower as investors focus on Federal Reserve and Ukraine
CBSN
Stocks are off to a weak start Thursday as investors try to interpret Federal Reserve notes while keeping an eye on corporate earnings and the Russia-Ukraine standoff.
The benchmark S&P 500 index fell 0.8% in early trading and the same for the Dow Jones Industrial Average was off 0.7%. The tech-heavy Nasdaq shed nearly 1%.
Markets are still unsettled by tensions in Ukraine, and U.S. President Joe Biden said there was a high risk that Russia would invade the country. The yield on the 10-year Treasury note fell to 1.99%. Crude oil prices fell. Walmart rose after reporting strong results.
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