Stocks Extend Losses as U.S. Adds Russia Sanctions: Markets Wrap
- S&P 500 pushes deeper into correction territory; bonds slide
- Biden expands Russia sanctions to Nord Stream 2 pipeline
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U.S. equities fell Wednesday as U.S. President Joe Biden expanded sanctions against Russia, with new penalties hitting the Nord Stream 2 pipeline and its corporate officers.
The S&P 500 shed 1.8%, pushing further into correction territory, as technology stocks sold off amid the rising tensions and a cyberattack on several Ukraine government and bank websites. Treasuries extended losses and the dollar was little changed.