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March 1, 2022, 4:10 p.m. EST

Dow Jones industrials book second-worst day in 2022, end perilously close to correction as Russia wages war on Ukraine

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By Mark DeCambre

U.S. stock benchmarks skidded lower and the Dow Jones Industrial Average recorded one of its worst losses of the young year while oil prices surged to highs not seen since 2014 as Russia’s invasion of Ukraine was in its sixth day.

President Joe Biden is slated to address the nation at 9 p.m. Eastern Time, which is expected to include comments about surging inflation and the conflict in Eastern Europe.

  • The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.18% finished off nearly 600 points, or 1.8%, to 33,294. Its finish was close to the level, 33,119.69, that would put the blue-chip benchmark in correction territory, or down 10% from its recent peak, joining the S&P 500 and the Nasdaq Composite.

  • The S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.42% closed off 1.6% lower at 4,306.20, led by declines in financials /zigman2/quotes/210599854/delayed XX:SP500.40 +0.57% , down 3.7%.

  • The Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.19% fell 1.6% to around 13,532.

  • The 10-year Treasury note yields around 1.72%, down over 11 basis points from its 3 p.m. ET Monday rates.

  • April West Texas Intermediate crude /zigman2/quotes/211629951/delayed CL.1 -0.49% rose $7.69, or 8%, to settle at $103.41 a barrel on the New York Mercantile Exchange after hitting an intraday high at $106.78.

  • Bitcoin /zigman2/quotes/31322028/realtime BTCUSD -0.90% rose sharply to around 44,000.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
32,774.41
-58.13 -0.18%
Volume: 320.97M
Aug. 9, 2022 5:13p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,122.47
-17.59 -0.42%
Volume: 2.22B
Aug. 9, 2022 5:13p
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/zigman2/quotes/210599854/delayed
add Add to watchlist XX:SP500.40
XX : S&P US
561.88
+3.16 +0.57%
Volume: 181.19M
Aug. 9, 2022 5:13p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
12,493.93
-150.53 -1.19%
Volume: 5.33B
Aug. 9, 2022 5:16p
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/zigman2/quotes/211629951/delayed
US : U.S.: Nymex
$ 90.06
-0.44 -0.49%
Volume: 12,431
Aug. 10, 2022 1:18a
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/zigman2/quotes/31322028/realtime
US : CoinDesk
22,937.65
-209.27 -0.90%
Volume: 0.00
Aug. 10, 2022 1:26a
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