LIVE: Market Coverage: Thursday 2/24 - Stocks tumble, Russian attack on Ukraine roils global markets
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Stocks tumble as Russian attack on Ukraine roils global markets.
Wall Street’s main benchmarks dropped sharply Thursday after Russian President Vladimir Putin launched a military invasion of Ukraine overnight.
The Dow fell 830 points, or 2.5% to 32,, and the S&P 500 erased 2.5% to 4,, falling deeper into a correction. The Nasdaq Composite was down 340 points, or 2.6% to 12,. The losses extend declines from a tumultuous previous session on Wall Street that saw all three major benchmarks log their lowest levels this year so far.
Meanwhile, investors flocked to safe-haven plays amid a broader risk-off trade across global markets. Gold prices surged 2.1% to $1,970 an ounce, hovering aro