Wall Street Opens Lower as Russia Rails Against Sanctions; Dow Down 400 Pts By Investing.com
© Reuters By Geoffrey Smith
Investing.com — U.S. stock markets opened lower on Monday as drastic new sanctions enacted by the West on Russia over the weekend drew a furious response and further threats of escalation from the Kremlin.
By 9:40 AM ET (1440 GMT), the was down 392 points, or 1.2%, at 33,667 points. The was down 1.2% and the was down 1.0%.
Earlier Monday, the U.S. Treasury said it would impose sanctions on the Russian Central Bank – a measure which, in conjunction with others taken over the weekend in Europe – will freeze over half of Russia’s foreign reserves and severely limit its foreign trade, The Russian ruble fell over 20% against the dollar in response. President Vladimir Putin responded at the weekend by placing his strategic nuclear forces on high alert, while Russia’s invading forces intensified their attacks on Ukraine’s cities, striking residential areas with long-range missiles.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
