Good evening.
Markets slide, Ukraine war enters second week, and oil spikes to highest level since 2008.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks fell on Thursday as investors monitored the war in Ukraine.
Russia’s invasion of Ukraine has injected volatility into financial markets over the past week.
The Federal Reserve is getting ready to raise interest rates. The central bank is likely to begin with a 0.25% hike this month.
With rising geopolitical tensions and a less accommodative Fed, investors are bracing for a bumpy 2022.
The crypto market fell on Thursday, with Bitcoin trading near $42k, as cryptocurrencies moved lower with stocks.
Catch Up
Covid cases in the U.S. have fallen by 96% from their peak in mid-January.
Oil spikes to highest level in nearly 14 years amid concerns about disruptions to Russia's supplies.
One million people have fled Ukraine since the Russian invasion started.