Good evening.
Markets tumble, war in Ukraine continues, and the Nasdaq officially enters a bear market.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks tumbled on Monday to start the week as the crisis in Ukraine worsened.
The tech-heavy Nasdaq fell 3.6%. It has now entered a "bear market," or down more than 20% from its high in November.
Investors worry that the war in Ukraine could have major consequences for global markets.
The market is currently in extreme fear:
The crypto market fell on Monday, with Bitcoin trading near $38k, as cryptocurrencies moved lower with stocks.
Catch Up
The national average for a gallon of gas has risen above $4, the highest since July 2008.
Hedge fund billionaire Bill Ackman says Russia’s attack on Ukraine means World War III has likely started.
Visa, Mastercard, and PayPal are suspending their services in Russia.
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