Worries about the Ukraine crisis trigger a correction in the S&P 500

Specialist Stephen Naughton at his workplace on New York’s Wall Street

The Ukraine crisis is also having a negative impact on the US stock markets.

(Photo: AP)

new York The escalation in the Ukraine crisis also weighed on the American stock markets on Tuesday. All three major indices each lost more than one percent. The broad S&P 500 closed in correction mode at 4,305, more than 10 percent off its recent all-time high.

US President Joe Biden announced new sanctions against Russia shortly before the market closed. He spoke of “the beginning of a Russian invasion” of Ukraine and also prepared American companies and consumers for higher energy prices – even if he would do everything to ensure that the “measures are felt mainly in Russia and not in the USA”. , assured the Democrat.

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