U.S. stocks end lower Friday, with all three major indexes booking losses for the week, as investors focused on a worsening conflict between Russia and...
U.S. stocks ended lower Friday, with all three major indexes booking losses for the week, as investors focused on a worsening conflict between Russia and Ukraine that resulted in a fire at a nuclear power plant earlier in the day.
The S&P 500 index fell for the fourth time in five days and commodity prices soared as sanctions on Russia threatened to cause supply disruptions in oil, natural gas, industrial metals and grains. What drove markets? Stocks fell as Russia’s invasion of Ukraine overshadowed positive U.S. employment data for February that was released Friday morning.
Investors were focused on news of a now-extinguished fire at a nuclear power plant in the Ukrainian city of Enerhodar that had been shelled by Russian troops. The plant reportedly has six reactors, and three had been offline before the attack, according to Associated Press reports. Russian military has seized the nuclear power plant, which is the biggest in Europe, the AP reported Friday afternoon.
Ukrainian state emergency services later said on Facebook FB that the fire had been in a training building and had been contained. The regional military service said early measurements on Friday showed radiation was “unchanged” and was posing no danger to the population.
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