Good evening.
Market slide continues, S&P 500 enters correction territory, and a Russian invasion of Ukraine has started.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks fell on Tuesday amid escalating tensions between Russia and Ukraine.
U.S. President Joe Biden announced the first sanctions against Russia for what he called Moscow's beginning of an invasion of Ukraine.
S&P 500 enters a correction. The broad market index is down more than 10% from its Jan. 3 record, putting it in correction territory.
Here's how markets behaved during previous historical invasions:
The crypto market climbed late Tuesday, with Bitcoin trading near $38.5k, after the U.S. announced new sanctions against Russia.
Catch Up
Global stocks lost $1.3T in market cap last week week on heightened geopolitical risks and potential Fed rate hikes.
Trump's new social media app, Truth Social, launched on the app store on Monday.
Gold, which is considered a hedge against geopolitical conflicts, rises to highest level since June.