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Dow futures drop more than 600 points after Russia attacks Ukraine

U.S. stock futures fell sharply early Thursday as Russia attacked Ukraine.

Dow futures fell 655 points, or 1.98%, while futures tied to the S&P 500 were down 1.99%. Nasdaq 100 futures declined 2.65%.

Meanwhile, oil prices popped, with West Texas Intermediate futures trading 5.61% higher at $97.27 per barrel. Global benchmark Brent jumped 5.95% to $102.60 per barrel, passing the $100 level for the first time since 2014.

Those moves came as Russian President Vladimir Putin said Moscow would launch a military action in Ukraine. Shortly after that announcement, NBC News reported that explosions were heard in Kyiv.

President Joe Biden condemned the attack, saying in a statement that “the world hold Russia accountable.”

Yesterday Wednesday March 2,2022 In the regular trading session, the Dow dropped about 464 points, or 1.3%. The S&P 500 fell 1.8%, moving deeper into correction and ending the day about 12% from its Jan. 3 record close. The tech-heavy Nasdaq Composite lost 2.6%.

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