Stock Groups

S&P 500 Plunges as Putin Said to Give Go Ahead for Ukraine Invasion -Breaking

by Mike Robinson

[ad_1]

© Reuters

By Yasin Ebrahim

Investing.com – – The S&P 500 plunged Friday, as Russian President Vladimir Putin reportedly gave the go-ahead to military officials to invade Ukraine as early as next week.

They fell 1.5% and slumped 1.2% (or 420 points), respectively.

PBS reports that the U.S. thinks Putin is planning to invade Ukraine. The plan was communicated to Russian military personnel, PBS said Friday. According to two administration officials, the invasion will begin next week.

It comes after U.S. Secretary Antony Blinken stated that Russia had increased its presence at Ukraine’s borders and was ready for an invasion anytime, including at the Beijing Winter Olympics.

Investors chose safety and piled into U.S. debt pushing yields lower. The U.S. 10-year yield fell below 2%.

The defense stocks also include Lockheed Martin (NYSE:) Northrop-Grumman (NYSE:) They were higher.
Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]