Fed meeting, potential Ukraine conflict loom large as Wall Street slides

Published by
Reuters UK

By Tom Wilson and Pete Schroeder LONDON/WASHINGTON (Reuters) -The prospect of a Russian attack on Ukraine and more anticipated Fed tightening drove down global equities and riskier assets Monday, while bolstering the safe-haven dollar. Wall Street stocks opened down sharply, after last week posting their worst week since 2020. The Dow Jones Industrial Average fell 1.32%, the S&P 500 lost 1.71% and the Nasdaq Composite dropped 2.14%, in early trading. NATO said on Monday it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets in response to Russia’s mili…

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